By Joshua Kirby

 

TechnipFMC PLC has been awarded a new contract to supply a subsea production system to an oil-drilling site offshore Guyana.

The contract is worth between $500 million and $1 billion, the Franco-American oil-and-gas-services company said late Monday. TechnipFMC will provide project management, engineering, manufacturing and testing capabilities at the Stabroek block site, which is being run by a Guyanese affiliate of Exxon Mobil Corp. called Esso Exploration and Production Guyana.

The contract is the fourth won by TechnipFMC at the block, the company said.

 

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

 

(END) Dow Jones Newswires

November 16, 2021 01:21 ET (06:21 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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