TechnipFMC Awarded Significant Subsea Contracts for the Reliance MJ1 Field in India
01 Juillet 2019 - 7:00AM
Business Wire
TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded
significant(1) subsea contracts by Reliance Industries Limited for
the MJ1 field located in deep water offshore India in the Krishna
Godavari basin.
These contracts cover the fabrication and installation of
flexible risers, rigid and flexible flowlines and umbilicals.
Arnaud Pieton, President Subsea at TechnipFMC, commented: “We
are very honored to be associated with this prestigious natural gas
project leading to further value creation. These awards confirm the
trust we have built over the long term with Reliance along the oil
and gas value chain, reflecting both our commitment to the Indian
market and our leadership in the energy transition domain, through
subsea gas projects.”
The MJ1 field is operated by Reliance Industries. This
high-pressure high-temperature gas field is located in water depths
ranging between 1,000 and 1,200 meters and will be connected to a
new Floating Production Storage and Offloading facility.
(1)For TechnipFMC, a “significant” contract is between $75
million and $250 million; the total value of all contracts is also
within this range.
Note: this inbound order was included in the Company’s second
quarter financial results.
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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
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similar expressions are intended to identify forward-looking
statements, which are generally not historical in nature. Such
forward-looking statements involve significant risks, uncertainties
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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
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About TechnipFMC
TechnipFMC is a global leader in subsea, onshore/offshore, and
surface projects. With our proprietary technologies and production
systems, integrated expertise, and comprehensive solutions, we are
transforming our clients’ project economics.
We are uniquely positioned to deliver greater efficiency across
project lifecycles from concept to project delivery and beyond.
Through innovative technologies and improved efficiencies, our
offering unlocks new possibilities for our clients in developing
their oil and gas resources.
Each of our more than 37,000 employees is driven by a steady
commitment to clients and a culture of purposeful innovation,
challenging industry conventions, and rethinking how the best
results are achieved.
To learn more about us and how we are enhancing the
performance of the world’s energy industry, go to TechnipFMC.com
and follow us on Twitter @TechnipFMC.
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