TechnipFMC Awarded Large EPCI Contract by Petrobras for Búzios 6 Field
January 24 2022 - 4:15PM
Business Wire
TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a large(1)
subsea Engineering, Procurement, Construction and Installation
(EPCI) contract by Petrobras for its Búzios 6 field (module 7), a
greenfield development in the pre-salt area.
The contract covers flexible and rigid pipe, umbilicals,
pipeline end terminals, rigid jumpers, umbilical termination
assemblies and a mooring system.
Jonathan Landes, President, Subsea at TechnipFMC, commented: “We
are excited to announce this award, which demonstrates the
continuing strength of the subsea market in Brazil and our
collaborative relationship with Petrobras. We used our deep
understanding of the client’s needs to arrive at technological
solutions developed specifically for the Búzios 6 field.”
The flexible pipe, umbilicals and subsea structures, as well as
some of the rigid pipe, will be manufactured in Brazil using skills
and competencies the Company has developed in-country, while
minimizing the carbon footprint associated with transportation and
installation. The project will also utilize our established and
qualified Brazilian supply chain.
(1) For TechnipFMC, a “large” contract is between $500 million
and $1 billion.
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 “expect,” “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
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material factors that could cause actual results to differ from
projected results, please see our risk factors set forth in our
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which include our Annual Reports on Form 10-K, Quarterly Reports on
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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
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About TechnipFMC
TechnipFMC is a leading technology provider to the traditional
and new energy industries, delivering fully integrated projects,
products, and services.
With our proprietary technologies and comprehensive solutions,
we are transforming our clients’ project economics, helping them
unlock new possibilities to develop energy resources while reducing
carbon intensity and supporting their energy transition
ambitions.
Organized in two business segments — Subsea and Surface
Technologies — we will continue to advance the industry with our
pioneering integrated ecosystems (such as iEPCI™, iFEED™ and
iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a
commitment to our clients’ success, and a culture of strong
execution, purposeful innovation, and challenging industry
conventions.
TechnipFMC uses its website as a channel of distribution of
material company information. To learn more about how we are
driving change in the industry, go to www.TechnipFMC.com and follow
us on Twitter @TechnipFMC.
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