TechnipFMC Awarded Major iEPCI™ Contract for TotalEnergies’ GranMorgu Development Offshore Suriname
November 14 2024 - 12:10AM
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.
This 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.
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
project. We are bringing our new frontier experience and
differentiated technology—including Subsea 2.0®—while leveraging
the complementary capabilities of our vessel ecosystem.”
(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.
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 “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.
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 21,000 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 X @TechnipFMC.
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