French company Technip, active in the market of oil and gas services, has outlined its strategic framework and objectives for the next few years until 2010 and underlined its aim to achieve profitable growth.

Focusing on the group’s core business, solutions for the oil and gas industry, the company will demonstrate a proactive commitment to technology and know-how and commit to a €1bn investment programme to develop the company’s industrial and marine assets.

Further expansion is planned in key regions and in a buoyant market environment for oil and gas services, Technip holds leading positions on its 3 market segments which include the development of Subsea hydrocarbon fields, offshore platforms adapted to varied water depths, and major on-shore projects such as natural gas liquefaction (LNG).

According to company chairman and CEO Thierry Pilenko, “In an era when oil and gas projects are increasingly complex and demanding, Technip, united in this strategic and operational framework, has the means to make a decisive contribution to the development of new technologies and provide our clients with sustainable solutions to optimise the management of the world’s energy resources.”

Headquartered in Paris and with a workforce of 22,000 people across a number of divisions, Technip ranks among the top 5 corporations in the field of oil, gas and petrochemical engineering, construction and services.