French oil services group Technip saw its second quarter profits rise 19% against the same period in 2012 after being boosted by new orders around the world.
The company, which saw an order intake of £2.4billion in the second quarter of 2013, saw net income rise from EU136m in 2012 to EU162.4million this year, up 19.4%.
The Paris-based company said it had a backlog of EU15.2billion, with almost half those orders in subsea.
But despite rivals Saipem and Subsea 7 issuing warnings in the last few months, Technip said it was not seeing any signs of slowdown.
“Our clients remain active, looking to us to design facilities and developments that can be cost and schedule effective in more complex and harsh environment situations,” said chief executive Thierry Pilenko.
“We have not seen any meaningful change in our clients’ drive to sanction projects in the last few months.”
Increased exploration spending has benefited Technip, which confirmed a forecast for sales to grow by up to 16% by the end of the year.
“We enter the second half of the year with a diversified backlog of EU15.2billion, of which EU4.4billion is estimated to be carried out by year-end,” said Pilenko.
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