Technip Lifts 2015 Revenue Forecasts, Issues Bonds


PARIS, Jan 20 (Reuters) – French oil services company Technip's 2015 revenue at its subsea and onshore/offshore businesses would beat the forecasts it gave when it published third-quarter results on Oct. 29, it said on Wednesday.

The company had said at the time adjusted subsea revenue for 2015 was expected to be over 5.5 billion euros ($6.03 billion), while adjusted onshore/offshore revenue would be over 6 billion. This was an increase from earlier forecasts.

"Technip anticipates that the adjusted underlying OIFRA (adjusted operating income from recurring activities) for full-year 2015 in both its reporting segments will be in line and revenues in both segments higher as compared to the expectations set out with the group's third-quarter 2015 results," Technip said on Wednesday.

Technip also said it was launching a five-year bond to raise about 375 million euros partly to help finance the purchase of call options. ($1 = 0.9128 euros)

(Reporting by James Regan; editing by Susan Thomas)

Copyright 2017 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Field Engineer/Perforating Specialist
Expertise: Rigging / Scaffolding|Wireline|Workover or Completion
Location: Williston, ND
Pipeline Controller
Expertise: Field Comm / SCADA|Pipeline Services
Location: Oklahoma City, OK
Surface Well Testing - Service Operator
Expertise: Well Servicing & Testing
Location: Texas, United States, TX
search for more jobs

Brent Crude Oil : $51.68/BBL 0.27%
Light Crude Oil : $49.25/BBL 0.74%
Natural Gas : $3.24/MMBtu 3.18%
Updated in last 24 hours