Technip India Limited

What Technip India Limited does

TechnipFMC is a global technology and integrated project delivery provider to the traditional and new energy industries, formed from the 2017 merger of Technip and FMC Technologies and subsequently separated in 2021 from Technip Energies. The company is publicly traded on the New York Stock Exchange under the symbol FTI, domiciled in the United Kingdom, and operates across subsea, surface, and new energy segments with a global footprint spanning Norway, Brazil, West Africa, the Gulf of Mexico, the Middle East, and Asia Pacific. Its core product set centers on the iEPCI integrated Engineering, Procurement, Construction and Installation model, which delivers subsea and surface field developments under a single accountability framework. Underlying technologies include the Subsea 2.0 modular, configure-to-order subsea production system; HISEP dense gas separation and storage for subsea gas fields; Hybrid Flexible Pipe developed with Petrobras; ROV and manipulator robotics for deepwater intervention; and a digital portfolio anchored by Subsea Studio and the Subsea Digital Twin.

Revenue is generated through negotiated, project-based contracts and long-term frame agreements with major international oil companies and national oil companies, including Equinor, Chevron, Petrobras, bp, ExxonMobil, TotalEnergies, Woodside, Eni, Azule Energy, Vår Energi, and Energean. The business model combines professional services (iEPCI, life of field services, fleet operations), hardware sales (subsea systems, surface wellheads and trees), and emerging new energy services covering offshore floating renewables, carbon capture and storage, and green hydrogen. Go-to-market is direct enterprise sales driven by technical expertise, integrated execution capability, and multi-year frame agreements. Pricing is not publicly disclosed, reflecting the bespoke nature of large-scale energy projects.

Name

Technip India Limited

Legal name

TechnipFMC plc

Website

https://technipindia.com

Company type

Public

Operating status

Operating

Headcount range

51–100 employees

Short description

TechnipFMC is a global integrated engineering and technology provider serving the traditional and new energy industries through its iEPCI subsea and surface delivery model, supplying major international and national oil companies with proprietary production systems, robotics, and life of field services.

Ownership category

akta.pro rank

Product category

Subsea Engineering and Production Services

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132)

SIC

Oil & Gas Field Machinery & Equipment (3533)

akta.pro industry

PRIMARYEUALABAI

Subsea Services & Equipment (Subsea Trees, Umbilicals, Installation, IMR)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Oilfield Services & Drilling (OFS)

SECONDARYIMAJACAE

Pipe-lay & Heavy-lift Offshore Vessel Construction

Industrials, Manufacturing & Construction/Marine & Shipbuilding/Offshore & Subsea Vessel Construction (OSVs, Drillships, FPSO Hulls)

SECONDARYEUALABAJ

Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Oilfield Services & Drilling (OFS)

SECONDARYTLAGAJAF

Offshore Subsea Gathering & Flowline Systems

Transportation & Logistics/Pipeline Transportation/Pipeline Gathering Systems (Upstream Field Gathering)

SECONDARYEUAMACAE

Offshore Wind Substructures & Marine Engineering (Monopiles, Jackets, Floating)

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Wind Energy (Onshore & Offshore)

Keywords

• Subsea production systems
• Offshore energy services
• Integrated project delivery
• Surface wellhead equipment
• Offshore renewable energy

Headquarters

HQ city

Newcastle Upon Tyne

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Subsea Systems and Services: Design, manufacture, and delivery of subsea equipment including trees, manifolds, umbilicals, risers, and flowlines. Includes iEPCI integrated project delivery and lifecycle of field services through long-term contracts with major energy operators.
2. Surface Technologies: Surface wellhead systems, Christmas trees, production equipment, and processing systems for onshore, shallow water, and offshore applications. Includes multi-year service contracts and equipment supply.
3. New Energy Ventures: Emerging business focused on offshore renewable energy, carbon capture and storage, and hydrogen production technologies. Includes collaborations in floating offshore wind, tidal energy, and green hydrogen.
4. Fleet Operations: Leading-edge vessels, crews and equipment for subsea installation and intervention operations

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

TechnipFMC designs, manufactures, and delivers subsea production systems (Subsea 2.0 trees, manifolds, umbilicals, controls, robotics/ROVs) and surface wellhead and production equipment (iProduction, iComplete, DrillNow) for offshore and onshore energy operators. The company provides integrated Engineering, Procurement, Construction and Installation (iEPCI) project delivery, life-of-field services, and new energy solutions including carbon capture, offshore floating wind, and green hydrogen technologies.

Product overview

TechnipFMC is a leading technology provider to the traditional and new energy industries, offering a comprehensive portfolio of subsea, surface, and new energy solutions. The company provides integrated project delivery through its iEPCI approach, combining subsea systems (Subsea 2.0, Subsea Studio, Robotics, Life of Field Services), surface technologies (DrillNow, iComplete, iProduction), and new energy initiatives (greenhouse gas removal, offshore floating renewables). Key digital offerings include Subsea Studio digital solutions and the Subsea Digital Twin. The company serves the offshore energy sector from concept through project delivery and life of field operations.

Differentiator

Problem solved

Functional benefit

Brands

• Subsea 2.0: Next-generation subsea production systems featuring reduced lead times and improved efficiency
• iEPCI
• Subsea Studio
• HISEP
• iProduction
• DrillNow
• iComplete
• Deep Purple
• Hummingbird
• Revolve
• Genesis

Products and services

• iEPCI (integrated Engineering, Procurement, Construction and Installation) Integrated project delivery approach combining concept, design, procurement, construction, and installation under single accountability for subsea field developments worldwide
• Subsea 2.0 Next-generation subsea production system designed to reduce cost and improve efficiency through modular, configure-to-order architecture for subsea field development
• Subsea Systems Complete subsea infrastructure including subsea processing, subsea infrastructure, controls and automation, and well control systems for offshore energy operators
• Subsea Studio Digital solutions portfolio for optimizing subsea field operations from concept to project delivery and beyond
• Life of Field Services Comprehensive services including iLOF Services, subsea drilling, asset management, field performance services, IMR, and Pivotal Riserless Intervention for offshore operators
• Robotics (ROV Systems) Remotely operated vehicles and manipulator systems for subsea operations, technical support, and intervention services in deepwater environments
• eSolutions Digital solutions and services for subsea operations optimization
• Surface Technologies Onshore and shallow water market solutions including pressure control, production systems, wellheads and trees for energy operators
• DrillNow Unconventional Unconventional drilling solution designed to reduce cost and carbon intensity in surface and shallow water operations
• iProduction Integrated production system connecting wellhead to export pipeline for surface operations
• iComplete Completions Integrated completions system for well completion optimization in surface operations
• Shallow Water iEPCI Integrated Engineering, Procurement, Construction and Installation approach for shallow water field developments
• Greenhouse Gas Removal (CCS) Technologies for carbon capture and storage applications, including the first all-electric iEPCI delivered for a CCS project
• Offshore Floating Renewables Floating offshore wind and tidal energy solutions, including dynamic inter-array cable systems
• Fleet Operations Leading-edge installation vessels, crews, and equipment used to execute subsea installation and intervention operations globally
• HISEP (High-Density Gas Separation and Storage) Dense gas separation and storage fully subsea technology for offshore gas field processing, deployed in Brazil's pre-salt fields
• Hybrid Flexible Pipe (HFP) Advanced hybrid flexible pipe technology for subsea pipe applications in conventional energy and CO2 service, developed in collaboration with Petrobras
• Deep Purple Offshore floating renewable energy solution with hybrid battery power for offshore hydrogen production

Quantifiable outcome

• 100th Subsea 2.0 tree delivery milestone achieved with original first-order client
• +2 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature9 records

Partnerships

24 partnerships are on record, tiered core, supporting and emerging.

• PrysmiancoreStrategic or Co-development Partner · 4 November 2024Floating offshore wind collaboration agreement announced in November 2024. Combines TechnipFMC's offshore engineering expertise with Prysmian's submarine cable capabilities for floating offshore wind projects.
• Northern Endurance PartnershipcoreStrategic or Co-development Partner · 15 March 2024Selected to deliver the first all-electric iEPCI for carbon capture and storage project. Pioneering CCS technology deployment.
• HalliburtonsupportingTechnology or Integration · 15 June 2023Subsea fiber optic solution selected by OTC and ExxonMobil. Joint technology development for subsea sensing.
• PETRONAScoreStrategic or Co-development Partner · 18 November 2021Heads of Agreement for technological collaboration and commercialization of gas processing technology with Malaysia's national oil company.
• Orbital Marine PoweremergingStrategic or Co-development Partner · 17 November 2021Strategic investment and collaboration to accelerate tidal energy development. TechnipFMC invested in Orbital Marine Power to support development of next-generation tidal energy technology.
• Talos EnergycoreStrategic or Co-development Partner · 15 October 2021Strategic alliance to provide carbon capture and storage solutions. Combines Talos Energy's CCS expertise with TechnipFMC's offshore execution capabilities.
• Magma GlobalcoreStrategic or Co-development Partner · 13 October 2021Acquisition of Magma Global to accelerate development of breakthrough composite pipe technologies for conventional energy and CO2 applications. Complements TechnipFMC's flexible pipe capabilities.
• TIOS (TechnipFMC Joint Venture)coreStrategic or Co-development Partner · 13 October 2021Acquisition of remaining shares of TIOS joint venture, consolidating subsea technology capabilities.
• EDP (Energias de Portugal)emergingStrategic or Co-development Partner · 12 July 2021Joint concept study for green hydrogen production from offshore wind power. Collaboration to develop renewable energy solutions.
• BomboraemergingStrategic or Co-development Partner · 1 April 2021Strategic partnership to develop floating wave and wind power project combining TechnipFMC's offshore capabilities with Bombora's mWave technology.
• MagnoraemergingStrategic or Co-development Partner · 17 March 2021Partnership to develop floating offshore wind projects. Combined expertise in offshore engineering and renewable energy development.
• Magnora Offshore WindemergingStrategic or Co-development Partner · 18 January 2021Joint venture partnership successful in ScotWind leasing round application for offshore wind development in Scotland.
• McPhyemergingStrategic or Co-development Partner · 14 October 2020Strategic collaboration and investment to accelerate green hydrogen development. Combines TechnipFMC's offshore capabilities with McPhy's electrolysis technology.
• LanzaTechemergingTechnology or Integration · 17 July 2020Hummingbird Ethylene Technology selected by LanzaTech for LanzaJet sustainable aviation fuel biorefinery. Licensing of proprietary technology.
• ClariantsupportingStrategic or Co-development Partner · 17 June 2020Joint development agreement for state-of-the-art production of acrylonitrile. Process technology collaboration.
• CarbiosemergingStrategic or Co-development Partner · 15 April 2020Collaboration to build demonstration plant for depolymerization of waste PET plastics to monomers. Circular economy initiative.
• NestesupportingTechnology or Integration · 11 March 2020Partnership for future NEXBTL technology-based projects in renewable fuels. Technology licensing collaboration.
• bp PetrochemicalssupportingTechnology or Integration · 19 February 2020Extended alliance with bp Petrochemicals to include BP Infinia technology. Continued partnership in petrochemical processing technology.
• Startup Ecosystem PartnerssupportingTechnology or Integration · 6 November 2019Partnership agreements allowing External Technology Engagement team access to thousands of startups for innovation and technology sourcing.
• Technip EnergiescoreStrategic or Co-development Partner · 30 October 2019Spinoff of Technip Energies as separate publicly traded company following planned separation. Former TechnipFMC segment now independent entity.
• DNV GLcoreTechnology or Integration · 26 September 2019Partnership to set the benchmark for trust in oil and gas industry's digital twins. Standards development for digital twin technology adoption.
• IFPENsupportingStrategic or Co-development Partner · 19 June 2019Renewed technological partnership on innovation and technology development for energy industry solutions.
• CEAsupportingStrategic or Co-development Partner · 7 February 2019Renewed technological partnership on innovation and technology development with French Alternative Energies and Atomic Energy Commission.
• Baker HughessupportingTechnology or Integration · 29 January 2018Collaboration on development of digital apps for LNG industry. Joint digital technology development.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Technip Energies: Technip Energies was spun off from TechnipFMC in 2021 and is the former parent/engineering segment. Both companies originate from the same Technip heritage and retain technology and partnership relationships in LNG, hydrogen, and offshore engineering.
• Baker Hughes: Baker Hughes is a broad oilfield services incumbent with subsea production systems and integrated services that overlap with TechnipFMC's offerings. The companies also partner on subsea fiber optic solutions (Halliburton-Baker Hughes collaboration with TechnipFMC).
• SLB (Schlumberger): SLB is a broad oilfield services incumbent with subsea and well intervention capabilities overlapping with TechnipFMC's Life of Field Services. Both serve global IOC/NOC clients with complementary portfolios.
• Worley: Worley provides energy project and asset services globally, including offshore engineering and energy transition projects. Both companies serve traditional energy and emerging energy transition customers with comparable consulting and project delivery capabilities.
• Halliburton: Halliburton is a broad oilfield services incumbent with completion and subsea intervention capabilities. The two companies have a documented technology partnership (subsea fiber optic sensing) but also compete in surface technologies and completions.

Direct peers

• Saipem: Saipem is a leading offshore EPCI contractor for upstream oil & gas, with comparable subsea and floater capabilities. Both firms compete for SURF and integrated offshore project awards from IOCs and NOCs.
• DOF Subsea: DOF Subsea is a subsea IMR, SURF, and vessel operator partially comparable to TechnipFMC's fleet operations. DOF focuses on vessel-based subsea services while TechnipFMC offers a more vertically integrated subsea portfolio.
• McDermott International: McDermott is a direct competitor in offshore EPCI, particularly for subsea field developments and offshore fabrication. Both firms compete for integrated offshore project awards globally.
• Aker Solutions: Aker Solutions offers subsea production systems, umbilicals, and offshore engineering services directly comparable to TechnipFMC's portfolio. Both companies serve North Sea and deepwater operators with similar integrated offerings.
• Subsea 7: Subsea 7 is a direct competitor in subsea construction, SURF (subsea umbilicals, risers, flowlines), and IMR services. Both companies compete for integrated EPCI contracts from the same IOC/NOC clients on deepwater developments globally.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/TechnipFMC
• YouTubeyoutube.com/channel/UCbRQbMxnU_54nlhF1XneL1A
• Facebookfacebook.com/TechnipFMC
• LinkedInlinkedin.com/company/technip-india-limited
• Instagraminstagram.com/technipfmc

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Technip India Limited