TechnipFMC Secures Major Subsea Contracts for Brazilian Reserves
TechnipFMC's New Subsea Contracts with Petrobras
TechnipFMC (NYSE: FTI) has achieved a significant milestone by securing two subsea contracts from Petrobras for Brazil’s promising pre-salt fields. This strategic collaboration highlights TechnipFMC’s expertise in advanced technology and reinforces its pivotal role in the energy sector.
Overview of the Awarded Contracts
The first contract entails designing, engineering, and manufacturing riser flexible pipe. This comprehensive contract also includes essential services like packing and storage, ensuring that all processes are efficiently managed under TechnipFMC's watchful eye.
Deploying Subsea Production Systems
The second contract, which arose from a competitive bidding process, focuses on designing and constructing subsea production systems for several projects, notably Atapu 2, Sepia 2, and Roncador. In addition, this contract encompasses installation support and long-term services to maintain operational efficiency.
Local Manufacturing and Services
In a move that underscores its commitment to local development, TechnipFMC plans to manufacture all equipment and products domestically. By leveraging core capabilities in Brazil, the company aims to foster the continuous growth of pre-salt reserves, driving economic prosperity in the region.
Leadership Insights
Jonathan Landes, President of Subsea at TechnipFMC, emphasized the significance of these contracts in affirming their leadership in flexible pipe technology. He stated that the standardized equipment platform utilized for Petrobras has proven successful, reinforcing TechnipFMC's long-lasting commitment to Brazil’s energy future.
Investing in the Future of Energy
TechnipFMC is not just about contracts; it embodies a vision for the future of energy. Its innovative projects and technical prowess aim to reshape how energy resources are developed, particularly focusing on reducing carbon intensity and facilitating a smooth energy transition.
TechnipFMC's Technological Edge
With exceptional proprietary technologies and integrated solutions like iEPCI™, iFEED™, and iComplete™, TechnipFMC is uniquely equipped to handle the challenges of today's energy landscape. Organizing its operations into two segments—Subsea and Surface Technologies—TechnipFMC continually pushes the envelope in technological innovation.
Company Commitment and Culture
Driven by a workforce of approximately 21,000 employees, TechnipFMC integrates a culture of strong execution and purposeful innovation, working tirelessly to ensure client success in every project. Each employee shares a commitment to challenging industry conventions while upholding the highest standards of delivery.
Company Overview
TechnipFMC positions itself as a pioneering technology provider to both traditional and emerging energy industries. By delivering integrated projects, products, and services, it works towards unlocking new potential in energy resource development and facilitates smoother transitions towards sustainable practices.
Frequently Asked Questions
What are the key details of the contracts awarded to TechnipFMC?
TechnipFMC secured two contracts with Petrobras, focusing on flexible riser pipes and subsea production systems for various projects in Brazil.
How does TechnipFMC ensure local engagement?
All equipment and services under the contracts will be manufactured and provided locally in Brazil, supporting the economic growth of the region.
What is the significance of these awards for TechnipFMC?
These contracts reinforce TechnipFMC’s leadership in subsea technology and reflect its ongoing commitment to local markets and the energy transition.
How does TechnipFMC's technology contribute to sustainability?
TechnipFMC focuses on reducing carbon intensity through innovative project designs and solutions that facilitate a sustainable energy transition.
Can TechnipFMC's technologies be applied in other markets?
Yes, TechnipFMC's solutions are designed to be versatile and can be adapted for various traditional and new energy projects worldwide.
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