TechnipFMC Awarded Major iEPCI™ Contract for TotalEnergies’ GranMorgu Development Offshore Suriname

Business Wire11-14

NEWCASTLE & HOUSTON, November 14, 2024--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) ("the Company") has been awarded a major(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™)...

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The project will combine TechnipFMC’s leading subsea architecture with Saipem’s  EPCI solutions and best-in-class pipelay capabilities—notably J-Lay, the optimal solution given the location offshore Suriname—to accelerate time to first oil and increase schedule certainty.TechnipFMC’s contracted scope for the project includes Subsea 2.0 tree systems, manifolds, connectors, and topside control equipment. The Company will also supply umbilicals, flexible jumpers, and flexible risers.Jonathan Landes, President, Subsea at TechnipFMC commented: \"We are very pleased to receive this iEPCI award for the GranMorgu projec","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","LU0054578231.USD":"BGF SYSTEMATIC SUSTAINABLE GLOBAL SMALLCAP \"A2\" (USD) ACC","BK4179":"石油天然气设备与服务","GRO":"Brazil Potash Corp.","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","FTI":"德希尼布FMC","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC"},"translate_title":"TechnipFMC获得TotalEnergies苏里南近海GranMorgu开发项目的主要iPCI™合同","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GRO":1,"FTI":0.9},"content_text":"NEWCASTLE & HOUSTON, November 14, 2024--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) (\"the Company\") has been awarded a major(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by TotalEnergies for its GranMorgu project on Block 58, the first oil and gas development offshore Suriname.\nThis iEPCI™ award supports the development of an emerging frontier and is enabled by the Company’s vessel ecosystem. The project will combine TechnipFMC’s leading subsea architecture with Saipem’s (MILAN:SPM) EPCI solutions and best-in-class pipelay capabilities—notably J-Lay, the optimal solution given the location offshore Suriname—to accelerate time to first oil and increase schedule certainty.\nTechnipFMC’s contracted scope for the project includes Subsea 2.0® tree systems, manifolds, connectors, and topside control equipment. The Company will also supply umbilicals, flexible jumpers, and flexible risers.\nJonathan Landes, President, Subsea at TechnipFMC commented: \"We are very pleased to receive this iEPCI™ award for the GranMorgu project. We are bringing our new frontier experience and differentiated technology—including Subsea 2.0®—while leveraging the complementary capabilities of our vessel ecosystem.\"\n(1) For TechnipFMC, a \"major\" contract is more than $1 billion, and this represents the value of the contracted scope awarded to the Company. This award will be included in inbound orders in the fourth quarter of 2024.\nImportant Information for Investors and Securityholders\nForward-Looking Statement\nThis 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 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, including our assumptions and projections regarding the expected benefits of the awarded contract, 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.\nAbout TechnipFMC\nTechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.\nWith 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.\nOrganized 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.\nEach of our approximately 21,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.\nTechnipFMC 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 X @TechnipFMC.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20241113124887/en/\nContacts\nInvestor relations\nMatt SeinsheimerSenior Vice President, Investor Relations and Corporate DevelopmentTel: +1 281 260 3665Email: Matt Seinsheimer\nJames DavisDirector, Investor RelationsTel: +1 281 260 3665Email: James Davis\nMedia relations\nDavid WillisSenior Manager, Public RelationsTel: +44 7841 492988Email: David Willis","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Company Corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483957814"}