TechnipFMC Awarded EPCI Contract for the Statoil Peregrino Phase II Project in Brazil
September 28 2017 - 1:00AM
Business Wire
TechnipFMC (NYSE and Euronext: FTI) (Paris:FTI) (NYSE:FTI)
(ISIN:GB00BDSFG982) has been awarded by Statoil an Engineering,
Procurement, Construction and Installation contract.
It covers the execution of the subsea pipeline connection for
the new production platform in Peregrino Phase II Project, located
in Campos Basin, offshore Brazil. This new fixed platform will be
connected by the in-field lines to the existing platform.
TechnipFMC will be responsible for the overall execution for
engineering, procurement, manufacturing, construction, installation
and pre-commissioning of the rigid pipelines, flexible lines and
the required subsea equipment. The company will leverage local
capabilities as well as the global state of the art pipelay fleet
for the offshore campaign, which is scheduled to start in 2019.
Hallvard Hasselknippe, President of TechnipFMC’s Subsea
Projects, commented: “We are extremely honored and proud to have
been selected to execute this project, in addition to the
previously awarded surface trees package for Peregrino phase 2.
This reinforces the long-standing relationship between Statoil and
TechnipFMC, which we will continue to strengthen through future
Brazilian projects.”
Important Information for Investors and
Securityholders
Forward-Looking Statement
This release contains "forward-looking statements" as defined in
Section 27A of the United States Securities Act of 1933, as
amended, and Section 21E of the United States Securities Exchange
Act of 1934, as amended. The words “scheduled,” “estimated” and
other similar expressions are intended to identify forward-looking
statements, which are generally not historical in nature. Such
forward-looking statements involve significant risks, uncertainties
and assumptions that could cause actual results to differ
materially from our historical experience and our present
expectations or projections. Known material factors that could
cause our actual results to differ from those in the
forward-looking statements include the Company's ability to
successfully deliver, and Statoil’s acceptance of, the subsea
products ordered. For additional information regarding known
material factors that could cause actual results to differ from
projected results, please see our risk factors set forth in
our filings with the United States Securities and Exchange
Commission, which include our Registration Statement on Form S-4,
Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K.
We caution you not to place undue reliance on any
forward-looking statements, which speak only as of the date hereof.
We undertake no obligation to publicly update or revise any of our
forward-looking statements after the date they are made, whether as
a result of new information, future events or otherwise, except to
the extent required by law.
About TechnipFMC
TechnipFMC is a global leader in subsea, onshore/offshore, and
surface projects. With our proprietary technologies and production
systems, integrated expertise, and comprehensive solutions, we are
transforming our clients’ project economics.
We are uniquely positioned to deliver greater efficiency across
project lifecycles from concept to project delivery and beyond.
Through innovative technologies and improved efficiencies, our
offering unlocks new possibilities for our clients in developing
their oil and gas resources.
Each of our more than 40,000 employees is driven by a steady
commitment to clients and a culture of purposeful innovation,
challenging industry conventions, and rethinking how the best
results are achieved.
To learn more about us and how we are enhancing the performance
of the world’s energy industry, go to TechnipFMC.com and follow us
on Twitter @TechnipFMC.
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