Last €57.73 EUR
Change Today -0.58 / -0.99%
Volume 336.1K
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As of 7:35 AM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

technip sa (TEC) Snapshot

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52 Week High
04/24/14 - €83.47
52 Week Low
01/13/15 - €44.91
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technip sa (TEC) Details

Technip SA provides project management, engineering, and construction services to the energy industry worldwide. It operates in two segments, Subsea and Offshore/Onshore. The Subsea segment offers integrated design, engineering, manufacturing, and installation services for infrastructures and subsea pipe systems used in oil and gas production and transportation. Its services include delivery of subsea systems, primarily pipelay and subsea construction; maintenance and repair of existing subsea infrastructures; and replacement or removal of subsea equipment. This segment also manufactures rigid and flexible subsea pipelines, as well as umbilicals. The Offshore/Onshore segment designs and builds various facilities for the development of onshore oil and gas fields, as well as renovates existing facilities by modernizing production equipment and control systems; pipeline systems for natural gas, crude oil, oil products, water, and liquid sulfur; natural gas treatment and liquefaction facilities; complex and single refinery units; hydrogen and synthesis gas production units; sulfur recovery units and storage units; ethylene production plants; and petrochemical and fertilizers processing plants. It is also engaged in the engineering studies and execution of production units in the fields of biofuels, geothermal, concentration solar power, and offshore wind farms; and provision of engineering and construction services to mining and metal projects. In addition, this segment designs, manufactures, and installs fixed and floating platforms for drilling, producing, and processing oil and gas reserves located offshore shallow waters, and deep and ultra-deep water fields. Technip SA operates in approximately 48 countries on 5 continents. It has a strategic agreement with Inocean to develop offshore loater engineering services for the Norwegian continental shelf and other offshore markets. The company was founded in 1958 and is headquartered in Paris, France.

38,200 Employees
Last Reported Date: 02/18/15
Founded in 1958

technip sa (TEC) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: €1.8M
Compensation as of Fiscal Year 2013.

technip sa (TEC) Key Developments

Technip Wins Additional Subsea Contract for the Glenlivet Project

Technip announced that it has been awarded additional scope for parallel development of the Glenlivet field, which lies near the Edradour Subsea Development, located approximately 75 km North West of Shetlands in the UK waters. Total E&P UK had previously awarded the contract for the Edradour Subsea Development. The Glenlivet specific scope includes fabrication and installation of 12" production pipeline and a six inch MEG pipeline complete with a two inch piggy backed service line; supply and installation of steel tube umbilical, manufactured at Technip Umbilicals facility in Newcastle, UK; supply and installation of flexible tails from Flexi France, the company's manufacturing plant in Le Trait, France; fabrication and installation of pipeline end manifold, flowline end terminations, flexible tails and rigid well tie-in spools, as well as the installation of CPI templates and manifolds and rock dumping and pre-commissioning. According to Technip, its operating centre in Oslo, Norway, will execute the project in full synergy with the previously awarded Edradour project. Also, vessels from the company's fleet will perform the installation in the summer seasons of 2016 and 2017. The pipelines will be fabricated at Technip's spool base at Evanton, UK, and installed by Technip's vessel Deep Energy, while the umbilicals will be manufactured at the new Technip umbilicals facility in Newcastle, UK.

Farstad Shipping ASA Signs a Letter of Intent with Technip Regarding Utilization of the Subsea Vessel Far tbn Sleipner

Farstad Shipping ASA has signed a Letter of Intent with Technip regarding utilization of the subsea vessel Far tbn Sleipner (2015, Vard 3 07) which is under construction at Vard Langsten. The Agreement secures the subsea vessel a utilization of 11 months, divided into two fixed periods. Including mobilization and demobilization, Technip can use the vessel for up to 16 months. Delivery of the vessel from the yard is expected to take place in March/April 2015, and preparations for the contract will then start immediately. The contract is based on market terms. The commercial terms of the agreement with Technip will be kept private and confidential between the parties.

Technip Wins Contract from Duslo a.s. to Develop Engineering, Procurement and Construction of a New Ammonia Production Unit

Technip announced that it has been awarded a substantial contract, on lumpsum turnkey basis, by Duslo a.s. to develop the engineering, procurement and construction (EPC) of a new ammonia production unit in the existing fertiliser complex located in Sal'a, Slovak Republic. For Technip, a substantial onshore contract ranges in value from EUR 250 million to EUR 500 million. According to Technip, its operating centre in Rome, Italy will execute the contract, scheduled to be starting up at the beginning of 2018.


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Valuation TEC Industry Range
Price/Earnings 15.2x
Price/Sales 0.6x
Price/Book 1.5x
Price/Cash Flow 14.4x
TEV/Sales NM Not Meaningful

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