TechnipFMC signs Strategic Collaboration Agreement with Equinor
September 26 2018 - 1:30AM
Business Wire
TechnipFMC (NYSE:FTI) (Paris:FTI) has signed a strategic
collaboration agreement with Equinor.
The agreement states that the two parties will collaborate in
continuous improvements to enable developing Equinor’s offshore
projects globally, and covers the full scope of TechnipFMC products
and services, from early phase, through project execution,
including installation and subsea operations services. It reflects
the ambition of the parties to engage early through pre-FEED and
Concept development in order to obtain sustainable cost
reductions.
This agreement builds on the long relationship between the two
companies, including the recent successes of the Company’s
iEPCITM (integrated EPCI) delivery on the Trestakk and Visund
Nord projects to Equinor.
Doug Pferdehirt, CEO of TechnipFMC, commented: “We are extremely
honored to extend our partnership with Equinor globally while
enabling a new way of working together, from early engagement
through integrated project execution – leveraging next generation
technology and digitalization. We firmly believe that success
is achieved through collaboration and that this agreement will
increase the competitiveness of both companies.”
###
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
collaborate successfully with Equinor to deliver continuous
improvements and cost reductions. 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 37,000 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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version on businesswire.com: https://www.businesswire.com/news/home/20180925006105/en/
TechnipFMCInvestor relationsMatt Seinsheimer,
+1-281-260-3665Vice President Investor RelationsMatt
SeinsheimerorPhillip Lindsay, +44 203 429 3929Director Investor
Relations EuropePhillip LindsayorMedia relationsChristophe
Belorgeot, +33 1 47 78 39 92Vice President Corporate
CommunicationsChristophe BelorgeotorDelphine Nayral, +33 1 47 78 34
83Senior Manager Public RelationsDelphine Nayral
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