TechnipFMC Awarded Flexible Pipe Frame Agreements by Petrobras in Brazil
09 Dezembro 2021 - 6:15PM
Business Wire
TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded three frame
agreements by Petrobras (NYSE: PBR) that reaffirm the Company’s
leadership position in Brazil’s flexible pipe market – the
industry’s largest and most established market. Altogether, the
frame agreements form a large(1) contract for TechnipFMC.
The contracts were awarded as part of Petrobras’s drive to
increase oil recovery in its brownfield developments, mainly in
post-salt fields offshore Brazil.
The frame agreements cover the manufacture of more than 500
kilometers of flexible pipe over the next four years, as well as
services. This brings the Company’s total contracted volumes in the
current year with Petrobras to around 600 kilometers.
Jonathan Landes, President, Subsea at TechnipFMC, commented:
“Petrobras is a longstanding partner of ours. Through collaboration
and leveraging our expertise to engineer, design, and manufacture
solutions specifically for this environment, we successfully
delivered a flexible solution that maximizes oil recovery in the
Brazilian deepwater environment.”
(1) For TechnipFMC, a “large” contract is between $500 million
and $1 billion. A portion of this award will be inbound in future
periods.
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About TechnipFMC
TechnipFMC is a leading technology provider to the traditional
and new energy industries, delivering fully integrated projects,
products, and services.
With our proprietary technologies and comprehensive solutions,
we are transforming our clients’ project economics, helping them
unlock new possibilities to develop energy resources while reducing
carbon intensity and supporting their energy transition
ambitions.
Organized in two business segments - Subsea and Surface
Technologies - we will continue to advance the industry with our
pioneering integrated ecosystems (such as iEPCI™, iFEED™ and
iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a
commitment to our clients’ success, and a culture of strong
execution, purposeful innovation, and challenging industry
conventions.
TechnipFMC uses its website as a channel of distribution of
material company information. To learn more about how we are
driving change in the industry, go to www.TechnipFMC.com and follow
us on Twitter @TechnipFMC.
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