Technip FMC

A number of major global EPC contractors have dived into the tide of mergers to achieve goals of cost-optimisation and operational excellence – something that has not just boosted their growth outlook, but has also helped them create huge combined entities to broaden their portfolio of services. The acquisition of American subsea specialist FMC Technologies, worth $13bn, in January this year, has led to France’s Technip ascend to No. 6 in this year’s list. Apart from the massive merger, Technip FMC has recently been awarded an EPC contract by Zakum Development Company (ZADCO), for a sulphate reduction plant on West Island in Abu Dhabi. The objective of the EPC3 project is the installation of a sulphate reduction plant module along with new installations and tie-in to existing facilities.