STOCK TITAN

TechnipFMC Awarded Substantial Subsea Contract for ExxonMobil Guyana’s Hammerhead Project

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

NEWCASTLE & HOUSTON--(BUSINESS WIRE)-- TechnipFMC (NYSE: FTI) has been awarded a substantial(1) contract by ExxonMobil Guyana Limited to supply subsea production systems for the Hammerhead development in Guyana’s Stabroek Block.

TechnipFMC will provide project management, engineering, and manufacturing of subsea production systems supporting both production and water injection capabilities. The subsea architecture will include products from the Subsea 2.0® platform, including subsea trees, manifolds, and associated controls.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “Hammerhead is our seventh greenfield project award from ExxonMobil Guyana since the first development was sanctioned in 2017. Our continued success stems from our ability to provide schedule certainty, built on our proven execution and the benefits of Subsea 2.0®. We look forward to continuing to deliver for ExxonMobil Guyana and strengthening our relationship through future opportunities.”

(1) For TechnipFMC, a “substantial” contract is between $250 million and $500 million.

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 21,000 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.

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

Media relations

Mendi Head

Senior Manager, Public Relations

and Media Relations

Tel: +1 346 297 8392

Email: Mendi Head

Source: TechnipFMC plc

Technipfmc Plc

NYSE:FTI

FTI Rankings

FTI Latest News

FTI Latest SEC Filings

FTI Stock Data

16.25B
406.18M
1.14%
99.24%
2.27%
Oil & Gas Equipment & Services
Oil & Gas Field Machinery & Equipment
Link
United States
NEWCASTLE UPON TYNE