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|Traded as||Euronext: TEC
|Key people||Thierry Pilenko (Chairman & CEO)|
|Products||Project management, engineering and construction for the energy industry|
|Revenue||€8.2 billion (end 2012)|
|Operating income||€821.7 million (end 2012)|
|Profit||€540 million (end 2012)|
|Total assets||€11.43 billion (end 2011)|
|Total equity||€3.673 billion (end 2011)|
|Employees||36,500 (end 2012)|
Technip S.A. is a company that does project management, engineering and construction for the energy industry. Its headquarters are in the 16th arrondissement of Paris.1 It has about 36,500 employees and operates in 48 countries. Technip shares are listed on the NYSE Euronext Paris exchange and the USA2 over-the-counter (OTC) market as an American Depositary Receipt (ADR: TKPPY).
||This article is in a list format that may be better presented using prose. (February 2013)|
TECHNIP is primarily in Energy business and is active in all the three business segments namely, Subsea, Offshore & Onshore. With more than 36,500 in its roles, Technip operates in 48 Countries. In addition to man-power, It owns a fleet of 28 vessels in operation and 5 more under construction. As of 2012, while the operating income of Technip group from recurring activities stood at ~ Euros 821.7 million, the Total revenues stood at more than Euros 8.2 billion.citation needed
Technip was established in 1958 by IFP, Institut Français du Pétrole, as Compagnie Française d'Etudes et de Construction Technip.
In the 1960s, the company saw its first series of international successes with the completion of projects in Africa and Asia. In the 1970s Technip became an international group with the 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.
In the 1980s Technip expanded its global presence and 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.
In the 1990s Technip was listed on the Paris Stock Exchange and Coflexip was listed on the New York Stock Exchange. Coflexip acquired Stena Offshore while Technip became a world-leading engineering group through the acquisition of companies with strong technological expertise: Speichim, Krebs and KTI. Already firmly 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 Deepwaterdisambiguation needed 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. The Technip share was included in the CAC40, the benchmark index on the Paris Stock Exchange, in September 2009.
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 June 2010 Technip S.A. has agreed to pay a $240 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.
In 2011, Technip acquired Global Industries and substantially expanded its addressable market in subsea. Global Industries' capabilities, offshore heavy lift know-how and assets along with Technip’s unique vertically integrated range of products and services enabled an offer of substantial value in the execution of complex projects from deep-to-shore.
In February 2013 a Paris court sentences two former Technip execs for Nigeria bribes.
Thierry Pilenko was named Chairman and CEO of Technip in April 2007.
The Chairman & CEO is assisted in his management responsibilities by the EXCOM comprising the two Chief Operating Officers, the Chief Financial Officer, the Director of Human Resources, the General Counsel and one other senior executive from the operational business.
The members of the Executive Committee are:
- Frédéric Delormel – Executive Vice President and Chief Operating Officer Subsea
- Philippe Barril - Executive Vice President and Chief Operating Officer Onshore/Offshore
- John Harrison – General Counsel
- Thierry Parmentier – Human Resources Director
- Nello Uccelletti - Senior Vice President Onshore
- Julian Waldron – Chief Financial Officer
The Executive Committee prepares decisions for submission to Technip's Board of Directors, concerning, in particular, the approval of the accounts, the definition of the objectives and budgets, the strategic orientations and the acquisitions or sales of assets and companies. It is also consulted on plans and recommendations for internal auditing, IT and telecommunications, human resources and asset management issues.
The Chief Operating Officers (COOs), are responsible for the entire operational organization of their respective division covering the business and all execution resources. Reporting to the COOs are:
- 7 Regions that are fully accountable for projects and client relations;
- an integrated business unit in charge of Subsea assets and technologies;
- 9 Product Business Units providing expertise to the Regions
The Group's corporate divisions –Finance and Control, Human Resources, General Counsel and Communications, QHSE, Security, and Risk Management– support the Regions and Business Units and report to the Chairman and CEO.
|Operating income from recurring activities||333.2||247.0||656.9||676.7||620.3||709.5||821.7|
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|
|Number of outstanding shares(in millions) (a)||109||109||110||111|
|Market capitalization (in € millions)||2,380||5,400||7,600||8,040|
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.
- New Zealand
- Saudi Arabia
- United Kingdom
- "Access map." Technip. Retrieved on 26. "89 avenue de la Grande Armée Paris 16"
- Technip aux Etats-Unis: de l’énergie à revendre ! Bourse les Echos, October, 18, 2013