TechnipFMC Awarded Subsea Contracts by Equinor for Multiple Projects in Norway

Key Terms

subsea tie-back technical

A subsea tie-back is an underwater connection that links a remote oil or gas well or cluster of wells on the seabed to an existing production facility, such as a platform, floating production unit, or onshore processing plant, using pipelines, control cables and other equipment. It matters to investors because tie-backs let companies develop smaller or more distant reservoirs without building a new surface facility, affecting project cost, timeline, expected production and ongoing operating risk — like hooking a new house into an existing neighborhood power grid rather than building a standalone substation.

subsea production systems technical

Seabed equipment and infrastructure used to extract and control oil or gas from underwater wells, including pipes, pumps, valves, and control systems that sit on the ocean floor and connect to surface facilities or pipelines. Investors care because these systems represent major upfront costs, ongoing maintenance and technical risk that affect production levels, operating expenses and the timing of revenue—think of them as the underwater “plumbing and machinery” that must work reliably for a marine energy project to generate profit.

brownfield technical

A brownfield is a property or site that has been previously developed or used—often with existing buildings, infrastructure, or environmental contamination—and is being reused, redeveloped, or expanded rather than built on from scratch. For investors it matters because brownfields can offer cost and time savings compared with starting new (like renovating an old house versus building one), but they also carry risks such as cleanup obligations, regulatory delays, and hidden expenses that affect returns and timelines.

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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NEWCASTLE & HOUSTON--(BUSINESS WIRE)-- TechnipFMC (NYSE: FTI) has been awarded multiple contracts by Equinor for a portfolio of subsea tie-back developments offshore Norway.

TechnipFMC will design and manufacture subsea production systems and associated controls for the Omega Sør, Brime, and Tyrihans Nord brownfield projects. TechnipFMC will also install rigid pipe on the TWIN development.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “We are pleased to support Equinor’s strategy to unlock additional resources and extend the life of existing infrastructure on the Norwegian Continental Shelf. By leveraging our standardized subsea solutions, we can help deliver these projects reliably while creating long-term value for Equinor.”

(1)	For TechnipFMC, the total value of these contracts is between $250 million and $500 million. These awards were 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 contracts, 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.

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Source: TechnipFMC plc