TechnipFMC plc

TechnipFMC plc is a technology provider to the traditional and new energy industries, offering fully integrated projects, products, and services. The company provides proprietary technologies and solutions to improve clients' project economics, enabling the development of energy resources while reducing carbon intensity and supporting energy transition goals. TechnipFMC operates through two business segments: Subsea and Surface Technologies. The company has approximately 22,000 employees. TechnipFMC was formed on January 17, 2017, through a merger of equals between FMC Technologies, Inc. and Technip S.A. This merger aimed to create a global subsea leader by redefining the development of subsea infrastructure for oil and natural gas production using a new integrated commercial model. By integrating the subsea production system (SPS) with subsea umbilicals, risers, and flowlines (SURF) and installation vessels, the company delivers subsea development through its integrated engineering, procurement, construction and installation model (iEPCI™). TechnipFMC is the only subsea provider to integrate these work scopes. The iEPCI™ model has grown to represent nearly one-third of the addressable subsea market. The company also offers technology innovation, including its Subsea 2.0® configure-to-order (CTO) product suite, and a services business that supports its installed base. On February 16, 2021, TechnipFMC completed the separation of the Technip Energies business segment.