Profile: Technip (TKPPY.PQ)
31 Aug 2015
Technip SA (Technip), incorporated on May 8, 1978, is engaged in project management, engineering and construction for the energy sector. The Company operates through three business 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 Company subsidiaries, including information technology (IT) services and reinsurance activity.
Technip's main markets include onshore plants, offshore platforms and subsea construction. As of January 31, 2015, Technip's production facilities (for flexible pipes and umbilicals), manufacturing yard, logistics bases and spoolbases were located in Angola, Brazil, the United States, Finland, France, Indonesia, Malaysia, Norway and the United Kingdom. The Company's fleet includes 27 vessels, which focus on subsea rigid and flexible pipelines, subsea construction and diving support.
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, 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 four vessels in long-term charter for Petrobras: the Sunrise 2000, with the capacity to lay three lines simultaneously, the Skandi Vitoria, the Deep Constructor and the Skandi Niteroi. The joint venture formed by Technip (50%) and Odebrecht Oil & Gas (50%) operates two flexible pipeline installation vessels for Petrobras, the Coral do Atlantico and the Estrela do Mar.
The Company's Subsea contracts are performed under lump-sum contracts, with Technip performing engineering, procurement and project management for field development. 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, Petrofac, Odebrecht Oil & Gas, National Oilwell Varco, the General Electric Group, Aker Solutions, Nexans, Oceaneering and Prysmian.
Technip's Onshore activity covers various types of onshore facilities for the production, treatment and transportation of oil and gas, as well as petrochemicals and other non-oil and gas activities of the Company. Technip designs and builds infrastructures related to its Onshore activities, including hydrogen production units, electricity units and sulfur recovery units, as well as storage units. The Company is also engaged in transformation with petrochemicals, such as ethylene, polymers and fertilizers. Technip 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, and brings them into line with applicable environmental standards. Technip 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 who wish 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 is also engaged in the design, construction and commissioning of ethylene production plants. Technip is involved in the design and construction of hydrogen and synthesis gas production units, as well as sulfur recovery units for the refining, petrochemical and chemical industries. Technip offers its engineering and construction services to industrial customers, including mining and metal companies. The Company is also involved in the renewable energies market through engineering studies and execution of production units in the fields of biofuels, geothermal, concentration solar power and offshore wind farms. Technip designs, manufactures and installs fixed and floating platforms for the production and processing of oil and gas reserves located offshore.
The Company competes with Bechtel, CB&I, Fluor, Foster Wheeler, Jacobs, KBR, Chiyoda, JGC, Toyo, Tecnicas Reunidas, Amec, GS, Hyundai, Samsung, SK, Daelim, Daewoo, SBM and Modec.
CS 51650, Paris Cedex 16