TechnipFMC Awarded Major iEPCI™ Contract by Petrobras for Mero 3 HISEP® Project
03 Janvier 2024 - 9:15PM
Business Wire
TechnipFMC (NYSE: FTI) has been awarded a major(1) integrated
Engineering, Procurement, Construction, and Installation (iEPCI™)
contract by Petrobras to deliver the Mero 3 HISEP® project, which
uses subsea processing to capture carbon dioxide-rich dense gases
and then inject them into the reservoir.
TechnipFMC, in partnership with Petrobras, has advanced the
qualification of some of the core technologies needed to deliver
the HISEP® (High Pressure Separation) process entirely subsea,
several of which are proprietary and will be used in other subsea
applications. These include gas separation systems and dense gas
pumps which enable the injection of CO2-rich dense gas.
The Mero 3 project in Brazil’s pre-salt field will be the first
to utilize Petrobras’s patented HISEP® process subsea. HISEP®
technologies enable the capture of CO2-rich dense gases directly
from the well stream, moving part of the separation process from
the topside platform to the sea floor. In addition to reducing
greenhouse gas emission intensity, HISEP® technologies increase
production capacity by debottlenecking the topside gas processing
plant. These technologies are supported by Petrobras and its
partners in the Libra Consortium(2).
Luana Duffé, Executive Vice President, New Energy at TechnipFMC,
commented: “This is an important moment for our Company. With the
HISEP® project, we will again demonstrate how our leadership in
subsea processing, technology innovation, and integrated solutions
can deliver real and sustainable benefits to our partners. We are
honored to be trusted by Petrobras and its partners in the Libra
Consortium to deliver this transformational project.”
The contract covers the design, engineering, manufacture, and
installation of subsea equipment, including manifolds, flexible and
rigid pipes, umbilicals, power distribution, as well as life of
field services. The contract follows a tender process and aligns
with research and development guidance established by the Brazilian
National Petroleum Agency (ANP).
(1) For TechnipFMC, a “major” contract is over $1 billion. This
award will be included in first quarter Subsea inbound orders. (2)
The Libra Consortium consists of: Petrobras as operator (38.6%);
Shell Brasil Petróleo Ltda. (19.3%); TotalEnergies EP Brasil Ltda.
(19.3%); CNOOC Petroleum Brasil Ltda. (9.65%); CNODC Brasil
Petróleo e Gas Ltda. (9.65%); and Pré-Sal Petróleo S.A. (3.5%), as
the Brazilian government's representative in the non-contracted
area.
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, please see our risk factors set forth in our
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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 (formerly Twitter) @TechnipFMC.
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