By Cecilia Butini

TechnipFMC PLC Thursday said it was awarded a contract for engineering, procurement, construction and installation at the Libra Consortium's Mero 2 project in Brazil.

The French energy company said the contract, which is valued between $500 million and $1 billion, will cover work at the offshore pre-salt Mero field in the Santos Basin, Brazil at 2,100 meters deep. The project is set to start in 2022, the company said.

The contract was awarded by Petroleo Brasileiro SA, head and operator of the Libra Consortium, which also include oil companies Shell Brasil Petroleo Ltda. and Total SE.

Write to Cecilia Butini at cecilia.butini@wsj.com

(END) Dow Jones Newswires

August 20, 2020 01:59 ET (05:59 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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