Singapore markets open in 1 hour 53 minutes
  • Straits Times Index

    3,225.35
    +23.46 (+0.73%)
     
  • S&P 500

    3,923.68
    -165.17 (-4.04%)
     
  • Dow

    31,490.07
    -1,164.52 (-3.57%)
     
  • Nasdaq

    11,418.15
    -566.37 (-4.73%)
     
  • BTC-USD

    29,058.80
    -1,348.06 (-4.43%)
     
  • CMC Crypto 200

    650.57
    -20.11 (-3.00%)
     
  • FTSE 100

    7,438.09
    -80.26 (-1.07%)
     
  • Gold

    1,815.60
    -0.30 (-0.02%)
     
  • Crude Oil

    109.19
    -0.40 (-0.36%)
     
  • 10-Yr Bond

    2.8860
    -0.0820 (-2.76%)
     
  • Nikkei

    26,911.20
    +251.45 (+0.94%)
     
  • Hang Seng

    20,644.28
    +41.76 (+0.20%)
     
  • FTSE Bursa Malaysia

    1,554.91
    +6.31 (+0.41%)
     
  • Jakarta Composite Index

    6,793.41
    +148.95 (+2.24%)
     
  • PSE Index

    6,727.60
    +132.94 (+2.02%)
     

TechnipFMC Awarded Integrated EPCI (iEPCI™) Contract by Equinor

  • Oops!
    Something went wrong.
    Please try again later.
·3-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

NEWCASTLE & HOUSTON, January 13, 2022--(BUSINESS WIRE)--Regulatory News:

TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded an integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract(1) for Equinor’s Smørbukk Nord development.

The contract covers a high-pressure, high-temperature subsea production system and associated equipment for a brownfield tieback in the Åsgard field in the Norwegian Continental Shelf, where TechnipFMC has a large installed base. The award follows front end engineering and design work on the project in 2021.

Jonathan Landes, President, Subsea at TechnipFMC, commented: "Our ability to deliver this optimized solution for Equinor is possible due to our close collaboration with the client, portfolio of subsea equipment, and integrated execution model. We’re delighted to be once again delivering an iEPCI™ project for Equinor."

The installation campaign will use TechnipFMC’s battery hybrid vessel, which will reduce greenhouse gas emissions through reduced fuel consumption.

(1)The contract award was included in Q4 2021 inbound orders.

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 "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, 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.

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.

Category: UK regulatory

View source version on businesswire.com: https://www.businesswire.com/news/home/20220113005106/en/

Contacts

Investor relations

Matt Seinsheimer
Vice President, Investor Relations
Tel: +1 281 260 3665
Email: Matt Seinsheimer

James Davis
Senior Manager, Investor Relations
Tel: +1 281 260 3665
Email: James Davis

Media relations

Nicola Cameron
Vice President, Corporate Communications
Tel: +44 1383 742297
Email: Nicola Cameron

Catie Tuley
Director, Public Relations
Tel: +1 713 876 7296
Email: Catie Tuley

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting