TechnipFMC awarded a master services agreement by Petrobras in Brazil
July 17 2018 - 1:00AM
Business Wire
TechnipFMC (Paris:FTI) (NYSE:FTI) (ISIN:GB00BDSFG982) has been
awarded by Petróleo Brasileiro S.A. (Petrobras) a 3-year master
services agreement in Brazil, with a 2-year renewal option. This
contract for subsea services covers components for both the subsea
equipment and flexible pipelines.
The scope of work includes maintenance services, technical
assistance, inspection and end-fitting re-termination(1) of
flexible pipes and umbilicals, installation support and engineering
analysis of operations and installation conditions, among other
services.
Hallvard Hasselknippe, President of TechnipFMC’s Subsea
business, stated: “We are extremely pleased to have won this
important services agreement. It reinforces our long-term
commitment to Petrobras’ ongoing and future operations. We value
our long-term, collaborative relationship with Petrobras which we
will continue to strengthen through strong execution with high
focus on safety, quality and efficiency”.
(1) re-termination: end-fitting service – cut and re-assembly of
the top part of the flexible pipe in order to repair
###
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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 “estimated”, “aimed”,
“scheduled” and 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 Petrobras’s acceptance of, the 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
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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/20180716005916/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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