2022-04-19 | NYSE:FTI | Press Release


TechnipFMC (NYSE: FTI) has been awarded a considerable(1) built-in Engineering, Procurement, Design, and Set up (iEPCI™) contract by Wintershall Dea Norge AS for its Maria revitalization job.

The undertaking will increase production at the current Maria discipline in the Norwegian Continental Shelf. The contract features subsea trees, spools, jumpers, and flexible pipes.

The revitalization venture will tie in an further light-weight 6-slot built-in template constructions (ITS). The two existing templates in the Maria subject are section of TechnipFMC&CloseCurlyQuotes set up base and started production in 2017.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “This iEPCI™ award is designed on our potential to leverage our built-in entrance stop engineering and design and style (iFEED™) product. By early engagement, we optimized the subject layout and maximized the rewards of integrated job execution. Our involvement helped cut down the carbon footprint of the revitalization undertaking by modifying existing infrastructure, eliminating the need for an more 4,000 meters of pipe.&CloseCurlyDoubleQuote

(1)

For TechnipFMC, a “significant&CloseCurlyDoubleQuote deal is involving $75 million and $250 million.

Take note: this inbound get was provided in the Corporation&CloseCurlyQuotes first quarter economical effects.

Crucial Facts for Traders and Securityholders

Forward-Wanting Assertion

This release includes “ahead-wanting statements” as defined in Segment 27A of the United States Securities Act of 1933, as amended, and Segment 21E of the United States Securities Exchange Act of 1934, as amended. The words and phrases “expect,&CloseCurlyDoubleQuote “believe,&CloseCurlyDoubleQuote “estimated,&CloseCurlyDoubleQuote and other identical expressions are meant to determine ahead-seeking statements, which are frequently not historical in nature. These kinds of forward-on the lookout statements include significant threats, uncertainties and assumptions that could result in real final results to vary materially from our historic experience and our current expectations or projections. For facts with regards to known materials components that could result in true results to vary from projected outcomes, make sure you see our danger things set forth in our filings with the United States Securities and Trade Fee, which contain our Once-a-year Studies on Variety 10-K, Quarterly Stories on Kind 10-Q, and Present Stories on Kind 8-K. We warning you not to put undue reliance on any forward-searching statements, which speak only as of the day hereof. We undertake no obligation to publicly update or revise any of our forward-on the lookout statements immediately after the date they are manufactured, whether as a end result of new details, long run occasions or normally, besides to the extent demanded by regulation.

About TechnipFMC

TechnipFMC is a major know-how supplier to the classic and new strength industries, providing entirely built-in initiatives, solutions, and services.

With our proprietary systems and comprehensive alternatives, we are transforming our purchasers&CloseCurlyQuote project economics, helping them unlock new prospects to acquire strength means though cutting down carbon depth and supporting their electrical power transition ambitions.

Structured in two business segments — Subsea and Surface Systems — we will continue on to progress the industry with our groundbreaking integrated ecosystems (this kind of as iEPCI™, iFEED™ and iComplete™), technologies management and digital innovation.

Just about every of our approximately 20,000 employees is pushed by a commitment to our consumers&CloseCurlyQuote accomplishment, and a culture of solid execution, purposeful innovation, and hard industry conventions.

TechnipFMC employs its web-site as a channel of distribution of content corporation details. To learn a lot more about how we are driving alter in the industry, go to www.TechnipFMC.com and abide by us on Twitter @TechnipFMC.



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