TechnipFMC Awarded Substantial iEPCI™ Contract for Sparta Project
15 Febrero 2024 - 3:15PM
Business Wire
TechnipFMC (NYSE: FTI) has been awarded a substantial(1)
contract by Shell plc (FTSE: SHEL) (AMS: SHELL) (NYSE: SHEL) for
the first integrated Engineering, Procurement, Construction, and
Installation (iEPCI™) project to use high-pressure subsea
production systems rated up to 20,000 psi (20K).
The Company will manufacture and install subsea production
systems, umbilicals, risers, and flowlines for Shell’s Sparta
development in the Gulf of Mexico. The tree systems will be Shell’s
first to be qualified for 20K applications and are engineered to
meet the high-pressure requirements of this greenfield
development.
Jonathan Landes, President, Subsea at TechnipFMC, commented:
“Sparta will combine our leading-edge subsea technology with our
proven integrated execution model, iEPCI™, providing improved
project economics. We are excited to be working with Shell on 20K
technology.”
(1) For TechnipFMC, a “substantial” contract is between $250
million and $500 million. This award will be included in first
quarter Subsea inbound orders.
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 (formerly Twitter) @TechnipFMC.
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