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.
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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, it is focused on the improved design and standardization of Subsea and Technip Energies products to meet customer needs. In FY2022, it spent US$67 million on R&D, which as a percentage of revenue, stood at 1% and decreased 14.5% 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. Operates manufacturing facilities near offshore oil and gas producing basins. 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; field performance services; and inspection, maintenance and repair of subsea infrastructure among others. In FY2022, the segment’s capital expenditure stood at US$120.2 million, which decreased 19.5% YoY. Views selecting the right projects to ensure a strong and healthy backlog; and leveraging supplier relationships to capitalize on supply chain market dynamics and implementing greater simplification and standardization in products and processes as the major factors for growth.
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. In FY2022, the segment’s capital expenditure stood at US$36.8 million, which decreased 4.4% YoY. Considers providing high-performance integrated assets and services to customers in the drilling, completion, upstream production, and midstream transportation sectors as its major drivers.
Performance
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Geographical Segments
- All Other Countries
- Angola
- Australia
- Brazil
- Canada
- Ghana
- Guyana
- India
- Indonesia
- Israel
- Malaysia
- Mozambique
- Norway
- Saudi Arabia
- Singapore
- 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
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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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