TechnipFMC Awarded Significant Installation Contract by TotalEnergies for Girassol Life Extension Project

TechnipFMC (NYSE: FTI) has been awarded a significant⁽¹⁾ contract to install flexible pipe and associated subsea structures for the Girassol Life Extension project (GIR LIFEX) by TotalEnergies EP Angola and its Block 17 Partners.

The Company was previously awarded the engineering, procurement, and supply of subsea flowlines and connectors for GIR LIFEX last year.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “The seamless integration of engineering, manufacturing, and installation provides our clients with the flexibility and agility they need to meet their project goals. We have good knowledge of this field, having built the subsea tree systems for the original Girassol development. It gives us immense pride that our long-term clients continue to show trust and confidence in our solutions through subsequent awards.”

(1) For TechnipFMC, a “significant” contract is between $75 million and $250 million.

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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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The TechnipFMC Stock at the time of publication of the news with a raise of +1,13 % to 16,94EUR on Lang & Schwarz stock exchange (23. August 2023, 22:18 Uhr).