Technip

Technip S.A. is a company that carries out project management, engineering and construction for the energy industry. Its headquarters are in the 16th arrondissement of Paris. It has about 38,000 employees and operates in 48 countries. Technip shares are listed on the NYSE Euronext Paris exchange and the USA over-the-counter (OTC) market as an American Depositary Receipt (ADR: TKPPY).

Overview

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

History

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 completed its first international 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.