{"id":509937,"date":"2021-07-06T16:18:20","date_gmt":"2021-07-06T20:18:20","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-awarded-a-significant-integrated-epci-iepci-contract-for-tullows-jubilee-south-east-development-ghana\/"},"modified":"2021-07-06T16:18:20","modified_gmt":"2021-07-06T20:18:20","slug":"technipfmc-awarded-a-significant-integrated-epci-iepci-contract-for-tullows-jubilee-south-east-development-ghana","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-awarded-a-significant-integrated-epci-iepci-contract-for-tullows-jubilee-south-east-development-ghana\/","title":{"rendered":"TechnipFMC Awarded a Significant Integrated EPCI (iEPCI\u2122) Contract for Tullow\u2019s Jubilee South East Development, Ghana"},"content":{"rendered":"

<\/p>\n

\nTechnipFMC Awarded a Significant Integrated EPCI (iEPCI\u2122) Contract for Tullow\u2019s Jubilee South East Development, Ghana\n<\/p>\n

LONDON & HOUSTON–(BUSINESS WIRE<\/a>)–
\nTechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a significant(1)<\/sup> integrated Engineering, Procurement, Construction and Installation (iEPCI\u2122) contract for the Jubilee South East development, located offshore Ghana. It will be the company\u2019s first iEPCI\u2122 project with Tullow Ghana Ltd.\n<\/p>\n

\nJubilee South East is an extension to the Jubilee field. The contract builds upon TechnipFMC\u2019s established relationship with Tullow and covers supply and offshore installation of all major subsea equipment, including manifolds and associated controls, flexible risers and flowlines, umbilicals, and subsea structures.\n<\/p>\n

\nAt the pre-tendering stage, TechnipFMC utilized its Subsea Studio\u2122 digital solutions to help optimize field layout. Subsea Studio\u2122 is the company\u2019s portfolio of design and monitoring tools which help clients to improve economics, enhance performance, and reduce emissions throughout the life of a project.\n<\/p>\n

\nJonathan Landes, President, Subsea at TechnipFMC, commented,\u201cWe are proud to continue supporting Tullow Ghana in the development of the Jubilee field. This is the first time Tullow has used our iEPCI\u2122 model, which enables us to collaborate even more closely and simplify project delivery.\n<\/p>\n

\n\u201cWe will continue to use our Subsea Studio\u2122 digital solution to optimize the development, execution, and operation of Jubilee South East.\n<\/p>\n

\n\u201cWe also see our work on this project as an opportunity to further develop our local content in Ghana, with the fabrication of a number of subsea structures, including production and water injection manifolds, carried out in-country.\u201d\n<\/p>\n

(1) For TechnipFMC, a \u201csignificant\u201d contract is between $75 million and $250 million.<\/i><\/p>\n

Note: this inbound order was included in the company\u2019s second quarter financial results.<\/i><\/p>\n

Important Information for Investors and Securityholders<\/b><\/p>\n

\nForward-Looking Statement\n<\/p>\n

\nThis 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 \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

About TechnipFMC<\/b><\/p>\n

\nTechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.\n<\/p>\n

\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

\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

\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

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<\/a> and follow us on Twitter @TechnipFMC. <\/b><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210706005678\/en\/<\/a><\/span><\/p>\n

Investor relations<\/b><\/p>\n

\nMatt Seinsheimer
\n
Vice President, Investor Relations
\n
Tel: +1 281 260 3665
\n
Email: Matt Seinsheimer<\/a><\/p>\n

\nJames Davis
\n
Senior Manager, Investor Relations
\n
Tel: +1 281 260 3665
\n
Email: James Davis<\/a><\/p>\n

Media relations<\/b><\/p>\n

\nNicola Cameron
\n
Vice President, Corporate Communications
\n
Tel: +44 1383 742297
\n
Email: Nicola Cameron<\/a><\/p>\n

\nCatie Tuley
\n
Director, Public Relations
\n
Tel: +1 713 876 7296
\n
Email: Catie Tuley<\/a><\/p>\n

KEYWORDS:<\/b> Africa Ghana<\/p>\n

INDUSTRY KEYWORDS:<\/b> Technology Maritime Engineering Transport Oil\/Gas Manufacturing Software Energy Electronic Design Automation<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

TechnipFMC Awarded a Significant Integrated EPCI (iEPCI\u2122) Contract for Tullow\u2019s Jubilee South East Development, Ghana LONDON & HOUSTON–(BUSINESS WIRE)– TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI\u2122) contract for the Jubilee South East development, located offshore Ghana. It will be the company\u2019s first iEPCI\u2122 project with Tullow Ghana Ltd. Jubilee South East is an extension to the Jubilee field. The contract builds upon TechnipFMC\u2019s established relationship with Tullow and covers supply and offshore installation of all major subsea equipment, including manifolds and associated controls, flexible risers and flowlines, umbilicals, and subsea structures. At the pre-tendering stage, TechnipFMC utilized its Subsea Studio\u2122 digital solutions to help optimize field layout. Subsea Studio\u2122 is … <\/p>\n

Continue reading “TechnipFMC Awarded a Significant Integrated EPCI (iEPCI\u2122) Contract for Tullow\u2019s Jubilee South East Development, Ghana”<\/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-509937","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTechnipFMC Awarded a Significant Integrated EPCI (iEPCI\u2122) Contract for Tullow\u2019s Jubilee South East Development, Ghana - 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-integrated-epci-iepci-contract-for-tullows-jubilee-south-east-development-ghana\/\" \/>\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 Integrated EPCI (iEPCI\u2122) Contract for Tullow\u2019s Jubilee South East Development, Ghana - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TechnipFMC Awarded a Significant Integrated EPCI (iEPCI\u2122) Contract for Tullow\u2019s Jubilee South East Development, Ghana LONDON & HOUSTON–(BUSINESS WIRE)– TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI\u2122) contract for the Jubilee South East development, located offshore Ghana. It will be the company\u2019s first iEPCI\u2122 project with Tullow Ghana Ltd. Jubilee South East is an extension to the Jubilee field. The contract builds upon TechnipFMC\u2019s established relationship with Tullow and covers supply and offshore installation of all major subsea equipment, including manifolds and associated controls, flexible risers and flowlines, umbilicals, and subsea structures. At the pre-tendering stage, TechnipFMC utilized its Subsea Studio\u2122 digital solutions to help optimize field layout. 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It will be the company\u2019s first iEPCI\u2122 project with Tullow Ghana Ltd. Jubilee South East is an extension to the Jubilee field. The contract builds upon TechnipFMC\u2019s established relationship with Tullow and covers supply and offshore installation of all major subsea equipment, including manifolds and associated controls, flexible risers and flowlines, umbilicals, and subsea structures. At the pre-tendering stage, TechnipFMC utilized its Subsea Studio\u2122 digital solutions to help optimize field layout. 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