TechnipFMC Awarded Flexible Pipe Contract for Azule’s West Hub Tails Project

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.

risers technical

Risers are stocks or securities whose market price has increased over a given period, often shown as a list of the biggest gainers during a trading session. Like items moving to the top of a store’s bestseller shelf, risers signal stronger demand or changing views about a company’s prospects, offering a quick snapshot of market momentum and investor interest that helps people track which names are attracting buying activity.

floating production, storage, and offloading vessel technical

A floating production, storage, and offloading vessel is a ship-like facility that processes oil or gas pumped from underwater wells, stores the product on board, and transfers it to tankers or pipelines. Think of it as a combined factory and storage tank that can be stationed offshore where building fixed platforms would be impractical. Investors care because these vessels enable production and revenue from remote fields but are costly, carry operational and contract risks, and can materially affect a project’s cash flow and asset value.

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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 West Hub Tails project, an extension of the Block 15/06 Agogo Integrated Development.

Under this award, TechnipFMC will design and manufacture flexible flowlines, risers, and associated equipment to accommodate all production from the West Hub area for consolidation into the Agogo Floating Production, Storage, and Offloading vessel.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “We appreciate Azule’s continued trust in TechnipFMC to support the Agogo development, where our team has an exemplary track record of safe, on-time execution across two previous phases. We are excited to deliver a robust solution with schedule certainty on this fast-track development.”

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20260811008559/en/

Investor relations
Matt Seinsheimer
Senior Vice President, Investor Relations and Corporate Development
Tel: +1 281 260 3665
Email: Matt Seinsheimer

James Davis
Director, Investor Relations
Tel: +1 281 260 3665
Email: James Davis

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Vice President, Communications
Email: Lucile Turpin

Source: TechnipFMC plc