| Business Summary | | Coflexip
is
engaged
in
the
provision
of
subsea
development
systems
for
the
offshore
oil
and
gas
industry.
Subsea
development
systems
consist
of
rigid
or
flexible
risers
and
flowlines
that
carry
crude
oil
and/or
gas
from
the
seabed
to
the
surface.
The
Company
generally
provides
these
systems
to
clients
on
the
basis
of
a
lump-sum
fee,
for
which
the
Company
provides
project
management
and
engineering,
pipelaying
and
other
installation
services.
The
Company
also
performs
subsea
well
intervention
tasks
and
inspection,
repair
and
maintenance
services
with
respect
to
subsea
installations
and
equipment.
The
Company
is
also
engaged
in
the
design
and
manufacture
of
flexible
pipe
used
in
offshore
developments
and
of
control
umbilicals
that
control
subsea
wellheads. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CXIPY
is
a
designer
and
manufacturer
of
offshore
flexible
piping,
as
well
as
a
subsea
contracting,
providing
project
management,
engineering,
pipelaying
and
other
installations
services
to
the
offshore
oil
and
gas
industry.
For
the
six
months
ended
6/30/01,
revenues
rose
68%
to
EUR821.8
million.
Net
income
fell
28%
to
EUR37.1
million.
Results
reflect
the
acquisition
of
CSO
Aker
Maritime
Deepwater
Division,
offset
by
the
absence
of
a
EUR10.4
million
capital
gain. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Pierre Valentin | Chairman,
Pres, CEO | Claire Giraut | Exec.
VP, Group Communications and CFO | Thomas Ehret | COO
of Coordination and Devel., Offshore Ressources and Robotics | Jean-Francois Mattei | Sr.
Exec. VP, HR, Manufacturing and Information Systems, Umbilicals, and Drillin | Jean-Bernard Fay | Sr.
Exec. VP, Corp. Affairs |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|