TechnipFMC Plc - Company Profile
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Business Description
TechnipFMC Plc (TechnipFMC) is a global provider of engineering, design, production systems and services to the oil and gas industry. The company operates through two reportable business segments: Subsea and Surface Technologies. TechnipFMC has operations across South America, North America, Middle East, Europe, Australia, Asia and Africa.
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R&D Overview
The company’s research and development (R&D) effort focuses on the improvement of existing products and services, the design of specialized products to meet customer needs and the development of new products, processes and services. As a part of product development, the company is focused on the improved design and standardization of Subsea and Technip Energies products to meet customer needs. In FY2024, it spent US$73.4 million on R&D, which as a percentage of revenue stood at 1% and increased 6.4% YoY.
Business Segments
Overview
Offers integrated design, procurement, engineering, fabrication, manufacturing and installation and life of field services for subsea systems, subsea field infrastructure and subsea pipe systems used in oil and gas production and transportation. Operations include umbilical production units, flexible pipe manufacturing plants, fleet of specialized vessels for pipeline installation, reeled rigid pipe shore-based facilities, subsea construction, diving support and heavy lift. Subsea services include asset management services including optimizing the performance of the subsea asset through product and field data; field performance services; and inspection, maintenance, and repair of subsea infrastructure among others. Subsea is to focus on safely providing innovative technologies and integrated solutions that drive change, improving economics, enhancing performance, and reducing emissions. Also includes projects such as TotalEnergies GranMorgu and Mozambique LNG; Equinor Raia and Rosebank; Petrobras Mero 3 HISEP and Buzios 6; bp NEP and Kaskida, ExxonMobil Whiptail and Uaru; Shell Bonga North and Sparta; Energean Katlan; AkerBP Utsira High and Azule Energy Agogo. In FY2024, the segment incurred a capital expenditure of US$233.5 million, which grew 21% YoY.
Performance
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Overview
Designs, manufactures and supplies wellhead systems, high pressure valves, flowlines, and pumps used in stimulation activities for oilfield service companies. Offers frac systems and services, and production, separation and flow processing systems for E&P companies in the oil and gas industry. Considers providing high-performance integrated assets and services to customers in the drilling, completion, upstream production, and midstream transportation sectors as its major drivers. Segment serves both the onshore and shallow water markets from well to export pipeline, providing its clients with reductions in cost, cycle time, and carbon intensity with three key strengths including, core technology, decarbonization, and digital and automation. In FY2024, the segment incurred a capital expenditure of US$38 million, which grew 27.5% YoY.
Performance
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Geographical Segments
- All Other Countries
- Angola
- Australia
- Brazil
- Ghana
- Guyana
- Indonesia
- Israel
- Malaysia
- Mozambique
- Norway
- Saudi Arabia
- United Arab Emirates
- United Kingdom
- United States
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Performance
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Performance
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