TechnipFMC (NYSE: FTI) has been awarded a significant(1) contract for the subsea production system for Equinor’s Verdande project on the Norwegian Continental Shelf.
The contract – awarded under TechnipFMC’s framework agreement with Equinor – covers the complete subsea production system including subsea trees and structures, control systems, connections, tooling, and installation support.
Jonathan Landes, President, Subsea at TechnipFMC, commented: “This latest contract highlights the close relationship we have with Equinor under the framework agreement. We are delighted that Equinor is once again placing trust in our technology.”
(1) For TechnipFMC, a “significant” contract is between $75 million and $250 million.
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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 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
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