TechnipFMC

11740 Katy Freeway
Ste. 100
Houston,  TX  77079

United States
http://www.TechnipFMC.com
  • Booth: 2038

TechnipFMC is a global leader in subsea, onshore/offshore, and surface projects. With our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our clients’ project economics. To learn more about how we are enhancing the performance of the world’s energy industry, go to www.TechnipFMC.com.


 Press Releases

  • LONDON & PARIS & HOUSTON--(BUSINESS WIRE)-- TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract by BP for the Thunder Horse South Expansion 2 Project located in the Gulf of Mexico.

    TechnipFMC will manufacture, deliver and install subsea equipment, including subsea tree systems, manifolds, flowline, umbilicals and subsea tree jumpers, pipeline end terminations, subsea distribution and topside control equipment. This is the second iEPCI™ awarded to TechnipFMC by BP following Atlantis Phase 3 in the first quarter of 2019.

    Arnaud Pieton, President Subsea at TechnipFMC, commented: “We are very pleased to have been awarded this iEPCI™ contract for BP in the Gulf of Mexico. This award confirms the trust we have built over the long term with BP and demonstrates the continued adoption of our iEPCI™ offering.”

    The Thunder Horse field is located in Mississippi Canyon Blocks 776, 777 and 778, in the Boarshead Basin, 200 kilometers south-east of New Orleans. It is one of the largest fields in the Gulf of Mexico and lies at a water depth of 1,830 meters.

    (1) For TechnipFMC, a “significant” contract is between $75 million and $250 million

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    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 “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, 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.

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    About TechnipFMC

    TechnipFMC is a global leader in subsea, onshore/offshore, and surface projects. With our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our clients’ project economics.

    We are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our clients in developing their oil and gas resources.

    Each of our more than 37,000 employees is driven by a steady commitment to clients and a culture of purposeful innovation, challenging industry conventions, and rethinking how the best results are achieved.

    To learn more about us and how we are enhancing the performance of the world’s energy industry, go to TechnipFMC.com and follow us on Twitter @TechnipFMC.

    Contacts

    Investor relations

    Matt Seinsheimer
    Vice President Investor Relations
    Tel: +1 281 260 3665
    InvestorRelations@TechnipFMC.com

    Phillip Lindsay
    Director Investor Relations Europe
    Tel: +44 203 429 3929
    InvestorRelations@TechnipFMC.com

    Media relations

    Christophe Belorgeot
    Senior Vice President Corporate Engagement
    Tel: +33 1 47 78 39 92
    media@TechnipFMC.com

    Delphine Nayral
    Director Public Relations
    Tel: +33 1 47 78 34 83
    media@TechnipFMC.com


 Products

  • Integrated Subsea Solutions
    TechnipFMC offers a new generation of comprehensive integrated subsea solutions to strengthen subsea project economics and help unlock oil and gas faster....

  • We are the first and only subsea provider with the capability to integrate subsea production systems (SPS) and subsea umbilicals, risers and flowlines (SURF) scopes. This allows us to efficiently execute an integrated engineering, procurement, construction and installation (iEPCI™) project and deliver a fully integrated subsea system, providing superior services from concept to delivery and beyond.

    Our integrated subsea offering begins with the conceptual design and extends through the life of the field:

    • iFEED® - We engage with clients early by designing the subsea architecture or integrated front-end engineering and design (FEED) study taking into account all stages of the life of the field.
    • iEPCI™ - We turn that design into a full field subsea development through integrated project execution.
    • iLOF® - We equipped our systems with real-time monitoring, and as the field matures we proactively deliver inspection, maintenance and repair services over the life of the field. Clients benefit from dealing with one team and a single company that can design, engineer, procure, construct, install and service their entire subsea field using its own resources.
  • Subsea 2.0™
    The Subsea 2.0™ revolutionary product platform uses standardized components configured in modular designs for simpler, leaner and smarter subsea projects....

  • Subsea 2.0™ involves six core products: Compact trees, compact manifolds, flexible jumpers, distribution, controls and integrated connectors. Each is designed to strengthen the economics of subsea projects and unlock first oil and gas faster.

    With the goals of simpler product and field architecture, these smaller, lighter products can be up to half the size and half the part count of a traditional offering, providing significant savings and reduced complexity and risk. TechnipFMC uses less material and manufactures fewer parts, driving down the cost of hardware and shortening delivery times for each project.

    Aiming for leaner project execution, the standardization and modular nature of these products allow for greater automation in manufacturing and significantly reduce engineering hours. TechnipFMC can cut 70 to 90 percent of manual activities and product lead time up to 12 months.

    Finally, Subsea 2.0 enables smarter operations through optimized product performance for installation and functionality, enabling a faster project execution schedule, lowering the total cost of ownership and maximizing profit.

  • Subsea Boosting
    TechnipFMC’s integrated subsea boosting system unlocks future opportunities with enhanced reservoir performance through the life of the field....

  • TechnipFMC’s helico-axial, high-speed multiphase boosting system offers greater boost over a broad range of operating conditions, increasing production and ultimately more reserve recovery than traditional industry solutions.

    Our proven ability to deliver integrated subsea boosting systems enables operators to enhance field economics by maximizing recovery from both greenfield and brownfield developments. Through our proprietary technologies, we can improve the return on investment by achieving recovery faster and enhancing production that is reliable, sustainable and economical throughout the life of the field. Our system provides higher efficiency and power while requiring less maintenance than traditional machinery.

    We have deployed our boosting systems on several deepwater developments around the world, including the LLOG Who Dat field in the Gulf of Mexico.