TechnipFMC Awarded Flexible Pipe Contract for Azule’s Greater PAJ Project

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Key Terms

flexible flowlines technical

Flexible flowlines are long, bendable pipes used to carry oil or gas between underwater wells and production facilities, designed to flex with waves, currents and moving equipment much like a garden hose that can bend without breaking. Investors care because their durability, installation cost, and maintenance needs directly affect a project’s capital spending, production uptime and environmental and regulatory risk—factors that influence revenues, delays and long‑term operating costs.

floating production unit technical

A floating production unit is a ship-like platform that sits over an offshore oil or gas field and receives, processes, stores and sometimes offloads hydrocarbons brought up from underwater wells. Think of it as a small factory and storage tank that floats where the product is extracted. Investors care because it is a major revenue-generating asset with large upfront cost, operational risks, contract and uptime implications, and potential decommissioning liabilities that affect cash flow and valuation.

forward-looking statements regulatory

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

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06/22/2026 - 04:15 PM

NEWCASTLE & HOUSTON--(BUSINESS WIRE)-- TechnipFMC (NYSE: FTI) has been awarded a significant⁽¹⁾ contract to supply flexible flowlines and risers by Azule Energy for the Greater PAJ development offshore Angola.

TechnipFMC will design and manufacture flexible flowlines and risers to connect wells in water depths approaching 2,000 meters to a new floating production unit.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “This award builds on expertise we have developed on large, deepwater projects in the region, including our proven flexible pipe technology. We are proud to be chosen to deliver a technically robust solution on an accelerated timeframe that creates value for our client.”

(1) For TechnipFMC, a “significant” contract is between $75 million and $250 million. This award will be included in inbound orders in the second quarter of 2026.

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, including our assumptions and projections regarding the expected benefits of the awarded contract, 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.

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 22,000 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 @TechnipFMC.