Technip is a world leader in project management, engineering and construction for the energy industry.
The company’s operations began in 1958 in Paris, with just 100 people and in a little over 50 years it has grown into a worldwide organisation employing a workforce totalling 40,000 across 48 countries in five continents. Over five decades Technip has demonstrated its ability to anticipate and adapt to changing market trends and customer expectations in the energy industry.
Technip is listed on Euronext Paris (EURONEXT: FR0000131708) and traded in the US on the OTCQX marketplace (OTCQX: TKPPY). Technip in India is established as a wholly owned entity of Technip France and brings a strong expertise into the field of onshore refining, petrochemical, LNG, fertilisers, offshore process platforms and subsea engineering within India. “We offer a wide spectrum of services from licensing, PMC services, FEED, basic engineering to full EPC projects – ‘Concept to Commissioning’. Our clients are provided with a degree of assurance when they work with Technip due to our project delivery capability as a strong EPC player with huge experience, a large talent base and white skill sets,” says Samik Mukherjee, country head and managing director.
Challenged with merging and integrating three existing entities of Technip in India under one umbrella, the task was executed successfully in April 2014. Steered by one single country management team, the 3000 strong workforce is present in the operating centres of Delhi, Mumbai and Chennai. The aim of the merger is to leverage the expertise of three different entities to increase the net worth of interests in India and to deliver bigger, more challenging projects in the subsea, onshore and offshore segments in India.
“There were strong drivers for the restructure, both internally and externally. The merger brings together core strengths with consistency of all resources across three operating centres. The strengthened financial benefits of operating as one organisation are very important for qualification and delivery of larger projects,” points out Samik. India is a large and strategic hub for Technip, and it was felt within the business that as one unit the company would be able to support the mega projects of the group. “By having the three centres together we are able to balance the work load efficiently and provide better support to the group,” he adds.
With an operational capacity of close to five million man-hours the need to have an organised and sustainable business model complete with several channels feeding the organisation is essential for growth within the markets of onshore, offshore and subsea. Commenting, Samik says: “It is also very important to increase the high value added services in our portfolio. We have invested in a fabrication facility, which will accelerate and enhance our products, proprietary technology and supply both in India and outside. With a combined focus on the market, services and products, the development of the portfolio will ensure that we have a sustainable future.”
To complement the strong market, the company has worked towards developing skills to ensure a skilled workforce as it moves forward. As engineering moves into a higher value service, such as project management consulting, and front end engineering as well as conceptual work, procurement services and construction management services, these skill sets need to be developed through training. “The workforce is very good in terms of the traditional engineering segment, but as we move into larger, more complex projects, the need for specific training increases. Project management is a very international platform and additional skills are becoming important with exposure to work on a multi-national environment,” says Samik.
Currently Technip India is working on a number of prestigious projects, including the Reliance Off Gas Cracker project in Jamnagar. Working for Reliance Industries, one of the largest private sector players in India, Technip is offering technology in ethylene, design and procurement services. “Secondly, together with our worldwide alliance partner BP, we are building the largest PTA plant in the world for a client JBF Mangalore in India using BP Technology,” points out Samik. Recognised for its ability to successfully complete unique projects, the company is also busy in the delivery of the first over the fence gas supply project with its global alliance partner Air Products for BPCL Kochi Refinery. Through its alliance with the US based business, Technip is contracted to supply and build gas supply plants for hydrogen, nitrogen and CO. Business activity is also strong in the offshore segment where it is providing engineering, supply of key equipment and proprietary float over technology for Heera Redevelopment Process Platform (HRD) project for ONGC, which will enhance the oil and gas production off the West Coast of India.
“Future opportunities in India are immense, with growth and a lot of investment into upstream exploration, downstream refining, LNG and petrochemicals. This is driven by strong domestic needs and with the new government we expect more stabilisation in terms of policies and framework, which will bring more opportunity to both the private and public sectors. With oil and gas driving the economy, upstream exploration will ultimately be another area where investment will increase,” concludes Samik.
Services: Project management, engineering and construction