TechnipFMC Awarded Substantial Subsea Contract for the Coral North FLNG Development Offshore Mozambique

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floating liquefied natural gas technical

A floating liquefied natural gas (FLNG) facility is a ship- or platform-like factory that processes natural gas at sea by cooling it into a liquid so it can be stored and shipped without a pipeline. Investors care because FLNG cuts the time and cost to bring offshore gas to market, changes project spending and production forecasts, and concentrates operational and safety risks on a single mobile asset—affecting revenue, margins and exposure to supply disruptions.

flng technical

A FLNG is a floating facility — basically a factory on a ship — that extracts, processes and cools natural gas at sea so it can be loaded onto tankers and sold as liquefied natural gas. For investors it matters because FLNG projects can unlock remote offshore gas resources without building long pipelines, but they require large upfront spending, carry construction and safety risks, and can strongly influence a company’s future cash flow and profit when production begins.

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NEWCASTLE & HOUSTON--(BUSINESS WIRE)-- TechnipFMC (NYSE: FTI) has been awarded a substantial⁽¹⁾ Engineering, Procurement, Construction, and Installation contract by Eni S.p.A. for the Coral North development, the second floating liquefied natural gas (FLNG) project offshore Mozambique, in water depths of approximately 2,000 meters.

Jonathan Landes, President, Subsea for TechnipFMC, commented: “We are excited to once again work with Eni and their consortium partners in Mozambique. We will leverage our experience gained from the successful delivery of Coral South—the world’s first FLNG project in ultradeep water—by replicating our proven playbook with an enhanced approach.”

TechnipFMC will manufacture and install flexible flowlines and risers, as well as install subsea manifolds and umbilicals.

(1) For TechnipFMC, a “substantial” award is valued between $250 million and $500 million. This award was included in inbound orders in the second quarter of 2025.

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.

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