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United States

Profile: Technip SA (TKPPY.PQ)

TKPPY.PQ on OTC Markets Group

14.82USD
24 Aug 2016
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Technip SA (Technip) is engaged in project management, engineering and construction for the energy sector. The Company operates through two segments: Subsea, Onshore/Offshore and Corporate. The Subsea segment includes the design, manufacture, procurement and installation of subsea equipment. The Onshore/Offshore segment includes the engineering and construction business for petrochemical and refining plants, the facilities for developing onshore oil and gas fields (including gas treatment units, liquefied natural gas (LNG) units and onshore pipelines), as well as the design and construction of fixed or floating facilities and surface installations. The Corporate segment includes holding company activities and central services rendered to the Company subsidiaries, including information technology (IT) services and reinsurance activity. It operates in five geographical areas, such as Europe, Russia and Central Asia; Africa; Middle-East; Asia Pacific, and Americas (including Brazil).

Technip's main markets include onshore facilities, offshore platforms and floating units, and subsea construction. The Company's production facilities (for flexible pipes and umbilicals), manufacturing yard, logistics bases and spoolbases are located in Angola, Brazil, Finland, France, Indonesia, Malaysia, Norway, the United Kingdom and the United States. The Company's fleet includes over 20 vessels specialized on subsea rigid and flexible pipelines, subsea construction and diving support, out of which approximately five vessels are under construction.

Subsea

The Company provides integrated design, engineering, manufacturing and installation services for infrastructures and subsea pipe systems used in oil and gas production and transportation. The Company's Subsea activities also include the maintenance and repair of existing subsea infrastructures, and the replacement or removal of subsea equipment. Technip performs the engineering and manufacturing of the flexible pipes. Technip Umbilicals Inc. (Technip Umbilicals), a Technip subsidiary, responds to calls for tender issued by various types of clients, such as oil companies, engineering, procurement, construction and installation (EPCI) contractors, subsea production system manufacturers and turnkey projects. Technip operates approximately four vessels in long-term charter for Petreoleo Brasileiro S.A. (Petrobras): the Sunrise 2000, with the capacity to lay three lines simultaneously; the Skandi Vitoria; the Deep Constructor and the Skandi Niteroi. The Company, through joint venture, operates over two additional flexible pipeline installation vessels. Flexible pipes and other subsea infrastructures are installed with offshore construction vessels, diving support vessels and multi-support vessels. The Company's Subsea services also include Inspection, Maintenance and Repair (IMR), and Asset Integrity Management.

The Company competes with Subsea7, Emas, Allseas, Heerema, McDermott, Saipem, SapuraKencana, National Oilwell Varco, the General Electric Group, Aker Solutions, Nexans, Oceaneering and Prysmian.

ONSHORE/OFFSHORE

Technip's Onshore activity covers various types of onshore facilities for the production, treatment and transportation of oil and gas, as well as transformation with petrochemicals, such as ethylene, polymers and fertilizers. The Company designs and constructs hydrogen and synthesis gas production units, as well as sulfur recovery units for the refining, petrochemical and chemical industries. It designs and builds various types of facilities for the development of onshore oil and gas fields, from wellheads to processing facilities and product export systems. Technip also renovates existing facilities by modernizing production equipment and control systems. It is also engaged in oil refining. The Company manages various aspects of projects from the preparation of concept and feasibility studies to the design, construction and start-up of refineries or single refinery units.

Technip offers a range of services to clients wishing to produce, process, fractionate and market the products of natural gas, ranging from feasibility studies up to the construction of industrial complexes under a turnkey contract. The Company is involved in the liquefaction of methane, natural gas processing, extraction of sulfur from natural gas, as well as extraction of C2 and C3 hydrocarbons. Technip's Offshore business combines the studies, engineering, construction, procurement and project management of the range of fixed and floating offshore oil and gas facilities.

The Company competes with Bechtel, CB&I, Fluor, Jacobs, KBR, Chiyoda, JGC, Toyo, Petrofac, Saipem, Tecnicas Reunidas, Tecnimont, Amec FW, GS, Hyundai, Samsung, SK, Daelim, Aker Solutions, McDermott, Daewoo, SBM and Modec.

Company Address

Technip SA

CS 51650, Paris Cedex 16
PARIS     75773
P: +331.47782400
F: +331.47783340

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