Technip’s 4Q profit, revenues jump

French oilfield services provider Technip has increased its profit and revenues for the fourth quarter 2015 when compared to corresponding period in the year-before. 

Technip’s net income for the fourth quarter of 2015 increased totalling €102 million ($112.2M), compared to €80 million ($88M) in the same period in 2014.

The revenue also increased for the French company from €2.8 billion in 4Q 2014 to €3.1 billion in 4Q 2015.

During the quarter, the company’s order intake was €2.8 billion with €651 million going to subsea and €2.157 to offshore/onshore.

At the end of the quarter, Technip’s backlog was €17 billion, compared with €20.9 billion at the end of the fourth quarter of 2014.

Offshore Energy Today Staff

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