12/22/2017 Technip - Wikipedia

Technip
Technip S.A. is a company that carries out project management, engineering
Technip S.A.
and construction for the energy industry; in 2017 it completed a merger with
FMC Technologies to form TechnipFMC. Its headquarters were in the 16th
arrondissement of Paris.[2] It has about 38,000 employees and operates in 48
countries. Type Société Anonyme
Industry Engineering
Fate merged with FMC
Technologies
Contents Successor TechnipFMC
Overview Founded 1958
History Headquarters Paris, France
FMC-Technip Merger to Create $13 Billion Oil-Services Firm[3][4] Key people Doug Pferdehirt
Listings (CEO)
Controversies Thierry Pilenko
Organization (Executive Chairman)
Financial and stock market information Products Project
References management,
External links engineering and
construction for the
energy industry

Overview Revenue €10.7 billion (end

2014)[1]
TECHNIP is primarily in the energy business and is active in three business Operating €825 million (end
segments, namely Subsea, Offshore & Onshore. It has around 38,000 income 2014)[1]
employees and operates in 48 countries. It owns a fleet of 21 vessels in
Profit €437 million (end
operation with 6 more under construction. As of the end of 2014, while the
2014)[1]
operating income of Technip Group from recurring activities stood at ~ Euros
Total assets €14.6 billion (end
825 million, the total revenues stood at more than Euros 10.7 billion.[1]
2014)[1]

Total equity €4.4 billion (end

History 2014)[1]

Technip was established in 1958 by IFP, Institut français du pétrole, as Number of 37,500 (July 2015)
Compagnie française d'études et de construction Technip. employees
Website www.technip.com
In the 1960s, the company completed its first international projects in Africa (http://www.technip.
and Asia. In the 1970s Technip became an international group with the com)
acquisition of an office in Rome and the creation of Technip Geoproduction, a
subsidiary specialized in hydrocarbon field equipment. During this period, Coflexip – a firm specialized in the design,
manufacture and supply of flexible subsea flowlines – was created by the IFP (French Petroleum Institute) and opened a
flexible flowline manufacturing plant in Le Trait, France, as well as offices in Houston, Aberdeen and Rio de Janeiro.

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In the 1980s Technip opened operating centers in Kuala Lumpur and Abu
Dhabi. Coflexip opened a second flowline manufacturing plant in Brazil and
branched out into the manufacture of umbilicals with the establishment of the
Duco plant in Newcastle, UK.

Coflexip acquired Stena Offshore while Technip acquired several companies

with strong technological expertise: Speichim, Krebs and KTI. Already
established in the United States, KTI enabled Technip to set up in North
America. Coflexip established a presence in Australia and acquired the
Norwegian company Stena Offshore.

In the 2000s, Technip merged with Coflexip, which had just acquired Aker
Maritime's Deepwater Division. The unified group is now one of the top five
companies worldwide in engineering, technology and services for the energy
industry. Many major contracts are signed, notably in the Middle East in the
liquefied natural gas (LNG), ethylene and refining sectors.
Technip head office, 89 avenue de
la Grande-Armée, Paris 16th arr.
In 2010 three major assets came into operation: the Technip fleet expanded to
17 vessels with the addition of the Apache II, one of the most advanced pipelay
vessels in the industry, and the Skandi Vitoria, a Brazilian-flagged vessel dedicated to the pre-salt market. Asiaflex
Products, the Group’s third flexible pipe production plant, located in Tanjung Langsat, Malaysia was inaugurated.

In 2011, Technip acquired Global Industries, substantially expanding its addressable market in subsea.

In 2012 Technip acquired Stone & Webster Process Technologies and associated oil and gas engineering capabilities from
The Shaw Group.

FMC-Technip Merger to Create $13 Billion Oil-Services Firm[3][4]

In 2017, FMC Technologies Inc. and French oil-services Technip SA agreed to merge, forming a significant new player in
an energy industry racked by a nearly two-year slump in crude prices.[5]

The all-share deal would result in a new company named TechnipFMC with a market value of about $13 billion.

TechnipFMC has three headquarters in Houston, Paris and London under new Houston-based CEO Doug Pferdehirt, who
worked as FMC’s chief operating officer. Former Technip chairman and CEO Thierry Pilenko is the new executive
chairman.[5]

Listings
In the 1990s Technip was listed on the Paris Stock Exchange and Coflexip on the New York Stock Exchange. Technip was
included in the CAC40 French benchmark index in September 2009.

Controversies
In June 2010 Technip S.A. agreed to pay a $338 million criminal penalty to resolve charges related to the Foreign Corrupt
Practices Act (FCPA) for its participation in a decade-long scheme to bribe Nigerian government officials to obtain
engineering, procurement and construction (EPC) contracts.[6]

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In 2011, the US Securities & Exchange Commission (SEC) filed a lawsuit in the federal Southern District of New York
alleging insider trading.[7]

Organization
Technip was certified as one of the first five companies in the world as a Global Top Employer 2015 which recognizes first-
class employee offerings globally and equally. This independent certification delivered by the Top Employers Institute
demonstrates the quality and consistency of the company’s human resources policies and practices all around the globe.

Technip has also been certified as a top employer in 24 countries (Australia, Brazil, China, Colombia, France, Germany,
India, Indonesia, Italy, Malaysia, Mexico, Netherlands, Norway, Portugal, Qatar, Russia, Singapore, Spain, Thailand,
United Arab Emirates, United Kingdom, United States, Venezuela and Vietnam) as well as in three regions (Asia-Pacific,
Europe and Latin America).[8]

In July 2015, it was announced that the company would lay off 6,000 employees due to the industry downturn.[9]

Financial and stock market information

Key Figures in millions of €
Years 2006 2007 2008 2009 2010 2011 2012 2013 2014
Revenue 6,926.5 7,886.5 7,481.4 6,456.0 6,081.9 6,813.0 8,203.9 9,336.1 10,724.5
Operating income from
333.2 247.0 656.9 676.7 620.3 709.5 821.7 844.5 825
recurring activities
Net income 201.9 128.0 454.3 170.4 417.6 507.3 539.7 563.1 436.6

The Technip share is listed on Euronext Paris and on the American over-the-counter market.

ISIN: FR0000131708
Nominal value: euro

Years (at 12/31) 2008 2009 2010 2011 2012 2013 2014
Number of outstanding shares(in millions) (a) 109 109 110 111 113 113 114
Market capitalization (in € millions) (Figures at the closing
2,380 5,400 7,600 8,040 9,816 7,941 5,631
trade date)

The Technip share is included in the Dow Jones Sustainability Index and the Low Carbon 100 index and the ASPI
Eurozone.

(a) Does not include the exercise of options arising from the current share purchase or share subscription option plans.

References
1. Technip full Year 2014 results (http://www.technip.com/sites/default/files/technip/fields/press/attachments/pr_fr_4qfy14
_final.pdf), sur "<Technip.com>".
2. "Access map (http://www.technip.com/sites/default/files/technip/page/attachments/Plan_acces_TCS.pdf)." Technip.
Retrieved on 26. "89 avenue de la Grande Armée Paris 16"
3. Williams, Selina; Landauro, Inti (2016-05-19). "FMC-Technip Merger to Create $13 Billion Oil-Services Firm" (https://w
ww.wsj.com/articles/fmc-technologies-technip-agree-to-13-billion-oil-services-merger-1463641987). Wall Street

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Journal. ISSN 0099-9660 (https://www.worldcat.org/issn/0099-9660). Retrieved 2016-11-28.

4. "TechnipFMC" (http://www.technipfmc.org). TechnipFMC. Retrieved 2016-11-28.
5. "TechnipFMC launches as newly merged offshore giant | Fuel Fix" (http://fuelfix.com/blog/2017/01/17/technipfmc-laun
ches-as-newly-merged-offshore-giant/). fuelfix.com. Retrieved 2017-01-19.
6. "France's Technip Settles U.S. Bribery Charges" (https://www.wsj.com/articles/SB1000142405274870396410457533
4962621807130). Retrieved 18 February 2015.
7. "Bloomberg Business: SEC Alleges Insider Trading" (https://www.bloomberg.com/news/articles/2011-09-20/sec-allege
s-insider-trading-in-global-industries-technip-deal). Retrieved 18 February 2015.
8. Technip certified Top Employers in 24 countries and 3 regions (http://www.top-employers.com/companyprofiles/FR/tec
hnip-france/) sur "<www.top-employers.com>".
9. "Financial Times" (http://www.ft.com/intl/fastft/355561/frances-technip-layoff-6000-amid-oil-swoon). July 7, 2015.

External links
Official website (http://www.technip.com)

Retrieved from "https://en.wikipedia.org/w/index.php?title=Technip&oldid=796694368"

This page was last edited on 22 August 2017, at 14:43.

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