Technipfmc Plc
We are a global provider of technology solutions for the energy industry. We
design, manufacture and service technologically sophisticated systems and products
such as subsea production and processing systems, surface wellhead production
systems, high pressure fluid control equipment, measurement solutions, and marine
loading systems for the oil and gas industry. Our operations are aggregated
into two reportable segments: Energy Production Systems and Energy Processing
Systems.
Energy Production Systems designs and manufactures systems and provides services
used by oil and gas companies involved in land and offshore, including deepwater,
exploration and production of crude oil and gas. Our production systems control
the flow of oil and gas from producing wells. We specialize in offshore production
systems and have manufacturing facilities near most of the world’s principal
offshore oil and gas producing basins. We market our products primarily through
our own technical sales organization.
Competition
Energy Production Systems competes with other companies that supply subsea
systems, surface production equipment, and separation systems, and with smaller
companies that are focused on a specific application, technology or geographical
niche in which we operate. Companies such as Cameron International Corporation,
GE Vetco Gray, Aker Solutions, and Wood Group compete with us in the marketplace
across our various product lines.
Some of the factors on which we compete include reliability, cost-effective
technology, execution and delivery. Our competitive strengths include our intellectual
capital, experience base and breadth of technologies and products that enable
us to design a unique solution for our customers’ project requirements
while incorporating standardized components to contain costs. We have a strong
presence in all of the major producing basins. Our deepwater expertise, experience
and technology help us to maintain a leadership