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Home > Company Index > Energy > Oil & Gas Equipment > Coflexip, S.A.

Coflexip, S.A.
Nasdaq: CXIPY
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 NEWS FROM THE WIRES
Coflexip board recommends tender in Technip bid
Jul 25 2001 03:48 PM PDT

More WIRE STORIES about this company

 PROFILE
Holding company Coflexip, S.A., helps big oil producers tap undersea oil deposits. Through Coflexip Stena Offshore, it operates a fleet of construction and installation vessels that provide all aspects of undersea oil-field development, from exploration to well abandonment. The company designs and installs both flexible and rigid steel pipe and undersea umbilicals (cables that carry electrical or hydraulic power from platforms to seabed drilling sites). It also makes underwater robots and remote-controlled vehicles. Its clients include TOTAL FINA ELF and Texaco. French refinery services company Technip -- which already owned a 30% stake in Coflexip -- has agreed to acquire the rest of the company.

 COMPETITION
Bouygues Offshore (BWG)
Global Industries, Ltd. (GLBL)
Stolt Offshore S.A. (SOSA)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 1,002.60
1-Yr. Sales Growth: (2.1)%
Employees: 6,700
Revenue per employee: $149,641.79

 KEY PEOPLE
• Pierre Marie Valentin
    CEO
• Claire Giraut
    CFO

 CONTACT INFO
23, avenue de Neuilly
75116 Paris, France
Phone: 33-1-40-67-60-00
Fax: 33-1-40-67-60-03
Online: Web Site

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