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

[ad_1]

TechnipFMC (NYSE: FTI) has been awarded a major(1) integrated Engineering, Procurement, Building, and Installation (iEPCI™) deal by Wintershall Dea Norge AS for its Maria revitalization challenge.

The undertaking will raise manufacturing at the present Maria industry in the Norwegian Continental Shelf. The deal features subsea trees, spools, jumpers, and flexible pipes.

The revitalization challenge will tie in an supplemental light-weight six-slot integrated template structures (ITS). The two existing templates in the Maria industry are section of TechnipFMC&CloseCurlyQuotes mounted foundation and commenced generation in 2017.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “This iEPCI™ award is crafted on our capability to leverage our built-in entrance finish engineering and layout (iFEED™) design. As a result of early engagement, we optimized the area format and maximized the benefits of integrated venture execution. Our involvement assisted minimize the carbon footprint of the revitalization project by modifying current infrastructure, doing away with the need to have for an more 4,000 meters of pipe.&CloseCurlyDoubleQuote

(1)		For TechnipFMC, a “significant&CloseCurlyDoubleQuote contract is amongst $75 million and $250 million.
Note: this inbound order was incorporated in the Firm&CloseCurlyQuotes initially quarter fiscal success.

Significant Information and facts for Buyers and Securityholders

Ahead-Wanting Assertion

This release has “forward-seeking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Segment 21E of the United States Securities Trade Act of 1934, as amended. The terms “expect,&CloseCurlyDoubleQuote “believe,&CloseCurlyDoubleQuote “estimated,&CloseCurlyDoubleQuote and other identical expressions are meant to determine forward-hunting statements, which are frequently not historic in nature. These types of ahead-wanting statements require important dangers, uncertainties and assumptions that could lead to true effects to differ materially from our historical knowledge and our present expectations or projections. For information and facts with regards to identified materials elements that could lead to true effects to differ from projected final results, you should see our possibility things established forth in our filings with the United States Securities and Trade Commission, which involve our Yearly Reports on Variety 10-K, Quarterly Experiences on Sort 10-Q, and Existing Stories on Sort 8-K. We caution you not to spot undue reliance on any forward-wanting statements, which discuss only as of the date hereof. We undertake no obligation to publicly update or revise any of our ahead-hunting statements soon after the date they are made, whether as a consequence of new info, long run functions or in any other case, apart from to the extent necessary by regulation.

About TechnipFMC

TechnipFMC is a major technologies company to the regular and new electricity industries, offering totally integrated initiatives, products, and companies.

With our proprietary systems and comprehensive alternatives, we are transforming our shoppers&CloseCurlyQuote undertaking economics, supporting them unlock new choices to acquire energy sources when lowering carbon intensity and supporting their electrical power transition ambitions.

Arranged in two organization segments — Subsea and Area Systems — we will continue on to progress the sector with our revolutionary built-in ecosystems (these types of as iEPCI™, iFEED™ and iComplete™), technological know-how management and digital innovation.

Each individual of our around 20,000 staff is pushed by a motivation to our purchasers&CloseCurlyQuote results, and a society of solid execution, purposeful innovation, and challenging marketplace conventions.

TechnipFMC takes advantage of its web-site as a channel of distribution of content firm information. To discover extra about how we are driving change in the sector, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.