TechnipFMC Awarded Substantial Long-term Contract by Petrobras
TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a
substantial(1) long-term charter and services contract by Petrobras
(NYSE: PBR) for the pipelay support vessel Coral do Atlântico.
The Brazilian-registered vessel has been secured on a three-year
contract, with an option to extend. Operations offshore Brazil are
expected to begin in the second quarter of 2022.
Coral do Atlântico is an important component of the Company’s
leading flexible pipe ecosystem in Brazil and will mainly be
deployed in ultra-deepwater of up to 3,000 meters.
Jonathan Landes, President, Subsea at TechnipFMC, commented,
“Coral do Atlântico is the third of our pipelay support vessels to
be contracted via a long-term charter by Petrobras this year,
indicating rising demand in the Brazilian market for flexibles.
Coral do Atlântico’s versatility and ability to work in deep or
shallow water is a large part of the vessel’s appeal. This latest
contract further strengthens our collaborative, trusting
relationship with Petrobras that spans decades.”
Coral do Atlântico has a history of long-term charters with
Petrobras and has consistently been awarded the client’s highest
rating for operational performance, quality of work, and health,
safety and environment.
(1) For TechnipFMC, a “substantial” contract is between $250
million and $500 million.
Note: this inbound order is included in the Company’s third
quarter financial results.
Important Information for Investors and
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.
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
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
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
version on businesswire.com: https://www.businesswire.com/news/home/20211011005402/en/
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