TechnipFMC Awarded Significant Contract by TotalEnergies for Subsea 2.0™ Production Systems
16 Juin 2022 - 10:15PM
Business Wire
TechnipFMC (NYSE: FTI) has been awarded a significant(1)
contract by TotalEnergies EP Angola to supply subsea production
systems for the CLOV3 development in Block 17, offshore Angola.
It is the first contract under the companies’ new framework
agreement covering subsea trees for brownfield developments in
Block 17 in Angola. The CLOV3 contract includes Subsea 2.0™ trees
and associated controls, umbilical termination assemblies, jumpers
and services.
Jonathan Landes, President, Subsea at TechnipFMC, commented: “We
are proud to continue working with our valued partner TotalEnergies
EP Angola, with the support of our large installed base. Our
framework agreement and the CLOV3 contract are the result of
several years of collaboration to standardize subsea production
equipment and optimize subsea developments.”
Subsea 2.0™ products use standardized components that are
pre-engineered and qualified, which allows equipment to be rapidly
configured according to each project’s specific requirements. This
optimizes the engineering, supply chain, and manufacturing
processes, thus reducing the time to first oil and/or gas.
(1) For TechnipFMC, a “significant” contract is between $75
million and $250 million.
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Forward-Looking Statement
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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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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.
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