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Technip Disposal of offshore mooring business in GoM

Posted: 10 November 2004

Within the framework of its non-core asset disposal programme, Technip sold on October 27, 2004 its mooring division to Acteon, a global group of specialist sub sea engineering companies.The transaction covers the business and assets based in Louisiana and overseas.

With a workforce of about 19,000 persons, Technip ranks among the top five corporations in the field of oil, gas and petrochemical engineering, construction and services. Headquartered in Paris , the Group is listed in New York and Paris . The Group's main engineering and business centers are located in France , Italy , Germany , the UK , Norway , Finland , the Netherlands , the United States , Brazil , Abu-Dhabi , China , India , Malaysia and Australia . The Group has high-quality industrial and construction facilities in France , Brazil , the UK , the USA , Finland and Angola as well as a world-class fleet of offshore construction vessels.

Posted by Alexander Lindsay, Editor Pipeline Magazine

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