TechnipFMC Awarded a Significant Integrated EPCI (iEPCI™) Contract for Neptune Energy in the North Sea
July 22 2019 - 4:30PM
Business Wire
TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a
significant(1) integrated Engineering, Procurement, Construction
and Installation (iEPCI™)
contract from Neptune Energy for the Seagull project, located in
the Central North Sea. This contract is the second call-off under
the recently announced five-year strategic global alliance
agreement between TechnipFMC and Neptune Energy.
TechnipFMC will manufacture, deliver and install subsea
equipment including production and water wash pipelines,
umbilicals, subsea structures and control systems.
Arnaud Pieton, President Subsea at TechnipFMC, commented: “We
are delighted to partner again with Neptune Energy. Our alliance
clearly demonstrates the importance and value of early engagement
and collaboration as well as our ability to offer clients a full
suite of services and global experience. We look forward to
expanding our working relationship through the development of
fields such as Seagull. As architects of our clients’ projects and
through the adoption of collaborative working methods, we can bring
more efficient, repeatable solutions to our clients that increase
value, reduce engineering interfaces and time to market.”
Neptune Energy is the operator of the Seagull discovery,
together with joint venture partners BP and Japex. Seagull is a
high-pressure, high-temperature oil field located in the Central
North Sea in a water depth of approximately 90 meters. Comprising
four subsea production wells, a new 5 kilometer pipe-in-pipe
production line and a 17 kilometer control umbilical, Seagull
outputs will travel via the Heron pipeline system to the
BP-operated ETAP (Eastern Trough Area Project) development and on
through the Forties pipeline system to Grangemouth, UK.
(1) For TechnipFMC, a “significant” contract ranges between $75
million and $250 million.
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 “believe”, “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. For 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 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190722005634/en/
Investor relations Matt Seinsheimer Vice President
Investor Relations Tel: +1 281 260 3665 Email: Matt Seinsheimer
Phillip Lindsay Director Investor Relations Europe Tel: +44 203
429 3929 Email: Phillip Lindsay
Media relations Christophe Belorgeot Senior Vice
President Corporate Engagement Tel: +33 1 47 78 39 92 Email:
Christophe Belorgeot
Delphine Nayral Director Public Relations Tel: +33 1 47 78 34 83
Email: Delphine Nayral
TechnipFMC (NYSE:FTI)
Historical Stock Chart
From Mar 2024 to Apr 2024
TechnipFMC (NYSE:FTI)
Historical Stock Chart
From Apr 2023 to Apr 2024