{"id":479117,"date":"2021-04-20T16:18:21","date_gmt":"2021-04-20T20:18:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-awarded-a-significant-subsea-contract-for-petrobras-marlim-and-voador-fields\/"},"modified":"2021-04-20T16:18:21","modified_gmt":"2021-04-20T20:18:21","slug":"technipfmc-awarded-a-significant-subsea-contract-for-petrobras-marlim-and-voador-fields","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-awarded-a-significant-subsea-contract-for-petrobras-marlim-and-voador-fields\/","title":{"rendered":"TechnipFMC Awarded a Significant Subsea Contract for Petrobras\u2019 Marlim and Voador Fields"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>TechnipFMC Awarded a Significant Subsea Contract for Petrobras\u2019 Marlim and Voador Fields<\/b><\/p>\n<p>LONDON &amp; PARIS &amp; HOUSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nTechnipFMC (NYSE: FTI) (PARIS: FTI) today announced that it has been awarded a significant<sup>(1) <\/sup>subsea contract from Petrobras (NYSE: PBR) for the Marlim and Voador fields, located offshore Brazil.\n<\/p>\n<p>\nTechnipFMC will supply up to eight manifolds for production and injection, utilizing the all-electric Robotic Valve Controller (RVC). The contract also includes associated tools, spares and services.\n<\/p>\n<p>\nThe RVC is a unique robotic technology that replaces traditional subsea hydraulics, as well as thousands of mechanical parts, while providing real-time data and analysis on system performance. This results in a manifold that is smaller, less complex and less costly with a significantly reduced carbon footprint. Moreover, the RVC\u2019s software can be remotely upgraded and maintained subsea, increasing the overall reliability and availability of the subsea system.\n<\/p>\n<p><i>Jonathan Landes, President Subsea at TechnipFMC, commented:<\/i> \u201c<i>We are honored that Petrobras has selected us to support the ongoing development of the Marlim and Voador fields. We look forward to executing this project using our local capabilities in Brazil and contributing to another important development in the country.<\/i><\/p>\n<p><i>\u201cWe are very excited to bring new technology and automation capabilities to this project through the use of the RVC to operate the manifolds. Our innovations in automation and electrification are helping our clients lower their operational expenditures and reduce the carbon intensity of their subsea projects.\u201d<\/i><\/p>\n<p><i>(1) For TechnipFMC, a \u201csignificant\u201d contract is between $75 million and $250 million.<\/i><\/p>\n<p><i>Note: this inbound order was included in the Company\u2019s first quarter financial results.<\/i><\/p>\n<p><b>Important Information for Investors and Securityholders<\/b><\/p>\n<p>\nForward-Looking Statement\n<\/p>\n<p>\nThis release contains &#8220;forward-looking statements&#8221; 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 \u201cbelieve\u201d, \u201cestimated\u201d 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.\n<\/p>\n<p><b>About TechnipFMC<\/b><\/p>\n<p>\nTechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.\n<\/p>\n<p>\nWith our proprietary technologies and comprehensive solutions, we are transforming our clients\u2019 project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.\n<\/p>\n<p>\nOrganized in two business segments \u2014 Subsea and Surface Technologies \u2014 we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI\u2122, iFEED\u2122 and iComplete\u2122), technology leadership and digital innovation.\n<\/p>\n<p>\nEach of our approximately 20,000 employees is driven by a commitment to our clients\u2019 success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.\n<\/p>\n<p><b>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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.technipfmc.com%2F&amp;esheet=52415059&amp;newsitemid=20210420006067&amp;lan=en-US&amp;anchor=www.TechnipFMC.com&amp;index=1&amp;md5=57c269f75156769bef0c5e6e46774b93\">www.TechnipFMC.com<\/a> and follow us on Twitter @TechnipFMC. <\/b><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210420006067r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210420006067\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210420006067\/en\/<\/a><\/span><\/p>\n<p><b>Investor relations<br \/>\n<\/b><br \/>Matt Seinsheimer<br \/>\n<br \/>Vice President Investor Relations<br \/>\n<br \/>Tel: +1 281 260 3665<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:InvestorRelations@TechnipFMC.com\">Matt Seinsheimer<\/a><\/p>\n<p>\nJames Davis<br \/>\n<br \/>Senior Manager Investor Relations<br \/>\n<br \/>Tel: +1 281 260 3665<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:InvestorRelations@TechnipFMC.com\">James Davis<\/a><\/p>\n<p><b>Media relations<br \/>\n<\/b><br \/>Nicola Cameron<br \/>\n<br \/>Vice President Corporate Communications<br \/>\n<br \/>Tel: +44 1383 742297<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:media@technipfmc.com\">Nicola Cameron<\/a><\/p>\n<p>\nBrooke Robertson<br \/>\n<br \/>Public Relations Director<br \/>\n<br \/>Tel: +1 281 591 4108<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:media@TechnipFMC.com\">Brooke Robertson<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Texas Brazil United States France United Kingdom South America North America Europe<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Maritime Technology Transport Oil\/Gas Other Technology Energy<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210420006067\/en\/564651\/3\/TechnipFMC_H_RGB.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>TechnipFMC Awarded a Significant Subsea Contract for Petrobras\u2019 Marlim and Voador Fields LONDON &amp; PARIS &amp; HOUSTON&#8211;(BUSINESS WIRE)&#8211; TechnipFMC (NYSE: FTI) (PARIS: FTI) today announced that it has been awarded a significant(1) subsea contract from Petrobras (NYSE: PBR) for the Marlim and Voador fields, located offshore Brazil. TechnipFMC will supply up to eight manifolds for production and injection, utilizing the all-electric Robotic Valve Controller (RVC). The contract also includes associated tools, spares and services. The RVC is a unique robotic technology that replaces traditional subsea hydraulics, as well as thousands of mechanical parts, while providing real-time data and analysis on system performance. This results in a manifold that is smaller, less complex and less costly with a significantly reduced carbon &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-awarded-a-significant-subsea-contract-for-petrobras-marlim-and-voador-fields\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;TechnipFMC Awarded a Significant Subsea Contract for Petrobras\u2019 Marlim and Voador Fields&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-479117","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TechnipFMC Awarded a Significant Subsea Contract for Petrobras\u2019 Marlim and Voador Fields - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-awarded-a-significant-subsea-contract-for-petrobras-marlim-and-voador-fields\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TechnipFMC Awarded a Significant Subsea Contract for Petrobras\u2019 Marlim and Voador Fields - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TechnipFMC Awarded a Significant Subsea Contract for Petrobras\u2019 Marlim and Voador Fields LONDON &amp; PARIS &amp; HOUSTON&#8211;(BUSINESS WIRE)&#8211; TechnipFMC (NYSE: FTI) (PARIS: FTI) today announced that it has been awarded a significant(1) subsea contract from Petrobras (NYSE: PBR) for the Marlim and Voador fields, located offshore Brazil. TechnipFMC will supply up to eight manifolds for production and injection, utilizing the all-electric Robotic Valve Controller (RVC). The contract also includes associated tools, spares and services. The RVC is a unique robotic technology that replaces traditional subsea hydraulics, as well as thousands of mechanical parts, while providing real-time data and analysis on system performance. 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TechnipFMC will supply up to eight manifolds for production and injection, utilizing the all-electric Robotic Valve Controller (RVC). The contract also includes associated tools, spares and services. The RVC is a unique robotic technology that replaces traditional subsea hydraulics, as well as thousands of mechanical parts, while providing real-time data and analysis on system performance. 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