 | |
| Company type | Public limited company |
|---|---|
| ISIN | GB00BDSFG982 |
| Industry | Petroleum |
| Predecessors | |
| Founded | 17 January 2017; 8 years ago (2017-01-17) |
| Headquarters |
|
Area served | Worldwide |
Key people | Douglas Pferdehirt (CEO) |
| Products | Offshore,subseaProject management,engineering,procurement &construction for theenergy industry |
| Revenue |  US$6.7 billion (2022) |
| US$219.6 million (2022) | |
 US$–61.9 million (2022) | |
Number of employees | 23,000 |
| Website | www |
TechnipFMC plc is a French-American, UK-domiciled globaloil and gas company that provides services for the energy industry. The company was formed by the merger ofFMC Technologies of the United States andTechnip of France[1] that was announced in 2016 and completed in 2017.
TechnipFMC acts in three distinct segments:subsea,offshore, and surface projects. These projects include offshoreoil and gas exploration and extraction platforms/rigs. The company is legally domiciled in the UK, and has major operations inHouston andParis where its predecessor companies were headquartered. It has about 23,000 employees from 126 nationalities and operates in 48 countries. TechnipFMC stock is listed on theNYSE, and is a component of theRussell 1000 Index and theDow Jones Sustainability Index.[2]
TechnipFMC was formed through the merger of FMC Technologies Inc. and French oil-services Technip SA. On January 17, 2017, TechnipFMC announced that it is operating as a unified company after completion of the merger, which created a significant new player in an energy industry wracked by a nearly two-year slump in crude prices. The company has threeheadquarters inHouston,Paris, andLondon. The CEO is Doug Pferdehirt and the executive chairman is Thierry Pilenko.[3]TechnipFMC also provides consulting and technology business through its two subsidiaries, PT and Genesis.Through 2016-2017 the TechnipFMC fleet expanded with the addition of fourpipe-laying vessels (PLSVs) constructed under the DOF-Technip partnership, two foreign (Skandi Açu and Skandi Buzios) and two Brazilian (Skandi Olinda and Skandi Recife).[4] Another ship who entered operations was the Deep Explorer, one of the most advanceddiving support vessels (DSV) in the world.[5]
In August 2019, Doug Pferdehirt announced that TechnipFMC will be split into two independent engineering companies. The separation is expected to be completed by the end of the first semester 2020. The formerTechnip entity, without the subsea business, was renamedTechnip Energies. On March 15, 2020, the group announced the suspension of the spin-off due to market conditions in the context of theCOVID-19 pandemic. In February 2021, the spin-off was completed.[6]
TechnipFMC owns and operates 21 vessels and 4 are under construction. These large vessels are used for installation of subsea oil extraction systems on the seabed. They are of four categories.[12]
Flexible-lay & Construction vessels:
Diving & multi support vessels:
Rigid S-Lay & heavy lift vessels:
Rigid Reel-lay & J-Lay vessels:
TechnipFMC designs and manufacturesUmbilical cable and flexible pipes. It has flexible pipe manufacturing plants in France, Brazil and Malaysia. It operates umbilical production facilities inUK,United States,Angola,Singapore,Brazil andMalaysia. TechnipFMC has started Modular Manufacturing Yard atDahej inGujarat state ofIndia in 2017.[14]
In 2010, the company's Paris-based predecessor (Technip) was fined $240 million for paying bribes to win contracts to build a liquefied-natural-gas plant in Nigeria.
In June 2019, TechnipFMC agreed to pay around US$300 million to resolve allegations it bribed government officials in Iraq (FMC) and Brazil, including at the country's state-controlled oil-and-gas company Petróleo Brasileiro S.A., also known as Petrobras.[15]
