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Technip S.A.
Type	Public (Euronext: TEC)
Founded	1958
Headquarters	La Défense, France
Key people	Thierry Pilenko (Chairman of the board and CEO), Julian Waldron (CFO)
Industry	Engineering
Products	Engineering and project management of petroleum industry infrastructure
Revenue	€7.481 billion (2008)
Operating income	▲ €656.9 million (2008)
Profit	▲ €448 million (2008)
Employees	22,750 (2008)
Website	www.technip.com

Technip Headquarters Tour Adria at La Défense, Paris

Technip is a provider of project management, engineering, and construction services for the oil and gas industry, headquartered in La Défense, France. The company designs and builds high-technology industrial installations, such as subsea equipment and platforms, and onshore mega-complexes for the oil, gas and petrochemical sectors. It operates in three segments: Subsea, Offshore and Onshore. The company's main subsidiaries are Technip France, Technip Italy SpA, Technip UK Limited, Technip Geoproduction Malaysia SDN BHD, Flexibras Tubos Flexiveis Limitada and Technip USA Inc. As of August 2009, the Company has a fleet of 17 vessels (19 in 2010) specialized in subsea pipelay, subsea construction and diving support. It is listed on the Euronext Paris stock exchange. The CEO is Thierry Pilenko.

[edit] History

[edit] 1958

Technip, an engineering company, was founded in Paris with a workforce of 100 people

[edit] 1960’s

First series of international successes with the completion of projects in Africa and Asia

[edit] 1970’s

Technip becomes an international group with the creation 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– is created by the IFP (French Petroleum Institute) and opens a flexible flowline manufacturing plant in Le Trait, France, as well as offices in Houston, Aberdeen and Rio de Janeiro.

[edit] 1980’s

Technip expands its global presence and opens operating centers in Kuala Lumpur and Abu Dhabi. Coflexip opens a second flowline manufacturing plant in Brazil and branches out into the manufacture of umbilicals with the establishment of the Duco plant in Newcastle, UK.

[edit] 1990’s

Technip is listed on the Paris Stock Exchange and Coflexip is listed on the New York Stock Exchange. Coflexip acquires Stena Offshore while Technip becomes a world-leading engineering group through the acquisition of companies with strong technological expertise: Speichim, Krebs and KTI. Established in the United States, KTI enables Technip to set up in North America.

[edit] 2000’s

Coflexip acquires Aker Maritime’s Deepwater Division. Technip merges with Coflexip and the unified group becomes a world leader in engineering, technologies and services for the oil and gas industry. Many major contracts are signed, notably in the Middle East in the liquefied natural gas (LNG), ethylene and refining sectors.

[edit] Organization

Thierry Pilenko was named Chairman and CEO of Technip in April 2007.

Members of the Group Executive Committee are:

Bernard di Tullio – Chief Operating Officer
John Harrison – General Counsel
Thierry Parmentier – Human Resources Director
Dominique de Soras – President, Subsea Division
Nello Uccelletti – Senior Vice President, Region B
Julian Waldron – Chief Financial Officer

In October 2007 Technip’s operational organization evolved to better serve the Group’s strategy: Business development activities, projects, engineering and construction resources, all operational assets and support and technological development resources now fall under the authority of the Chief Operating Officer. Seven regional operating units that are fully accountable for their own operational and financial results were created: North America, Asia Pacific, Brazil, North Sea-Canada, Middle East, Region A (Western Europe, Africa) and Region B (Italy, Eastern Europe, Russia, South America). These operating units receive support from global product lines and a specific Subsea business unit was created at the corporate level. The Regions, Product lines and Business Unit all report to the Chief Operating Officer. A New Technologies Department is responsible for coordinating Technip’s actions to anticipate and develop future technologies. The Functional Divisions – Finance and Control, Human Resources, General Counsel and Communications provide support to all Divisions and operating centers.