{"id":725499,"date":"2023-01-24T16:25:53","date_gmt":"2023-01-24T21:25:53","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-awarded-substantial-subsea-services-offshore-brazil-contract-by-petrobras\/"},"modified":"2023-01-24T16:25:53","modified_gmt":"2023-01-24T21:25:53","slug":"technipfmc-awarded-substantial-subsea-services-offshore-brazil-contract-by-petrobras","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-awarded-substantial-subsea-services-offshore-brazil-contract-by-petrobras\/","title":{"rendered":"TechnipFMC Awarded Substantial Subsea Services Offshore Brazil Contract by Petrobras"},"content":{"rendered":"

<\/p>\n

\nTechnipFMC Awarded Substantial Subsea Services Offshore Brazil Contract by Petrobras\n<\/p>\n

NEWCASTLE & HOUSTON–(BUSINESS WIRE<\/a>)–
\nTechnipFMC (NYSE: FTI) has been awarded a substantial(1)<\/sup> master services agreement (MSA) for subsea services with Petrobras. The three-year contract has an option to extend for a further two years.\n<\/p>\n

\nTechnipFMC will provide life-of-field services to support its installed base offshore Brazil. The contract covers installation, intervention, and maintenance of both equipment and tooling, as well as technical support for subsea umblicals, risers and flowlines.\n<\/p>\n

\nThe agreement succeeds a previous MSA and supports Petrobras\u2019s increased volume of operations. Services will be supplied from TechnipFMC\u2019s base in Maca\u00e9, Brazil.\n<\/p>\n

\nJonathan Landes, President, Subsea at TechnipFMC, commented: \u201cThis new MSA continues our enduring partnership with Petrobras. We are delighted to continue this relationship through this direct award. For 40 years, we have provided services from Maca\u00e9, demonstrating the strength of our commitment to delivering services using our in-country workforce.\u201d\n<\/p>\n

(1) For TechnipFMC, a \u201csubstantial\u201d contract is between $250 million and $500 million. <\/i>Note: a portion of this inbound order was included in the Company\u2019s fourth quarter 2022 financial results.<\/i>A portion of this award will be inbound in future periods.<\/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 \u201cexpect,\u201d \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\/20230124005770\/en\/<\/a><\/span><\/p>\n

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

\nMatt Seinsheimer
\n
Senior Vice President, Investor Relations and Corporate Development
\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> Brazil United States United Kingdom South America North America Europe Texas<\/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
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TechnipFMC Awarded Substantial Subsea Services Offshore Brazil Contract by Petrobras NEWCASTLE & HOUSTON–(BUSINESS WIRE)– TechnipFMC (NYSE: FTI) has been awarded a substantial(1) master services agreement (MSA) for subsea services with Petrobras. The three-year contract has an option to extend for a further two years. TechnipFMC will provide life-of-field services to support its installed base offshore Brazil. The contract covers installation, intervention, and maintenance of both equipment and tooling, as well as technical support for subsea umblicals, risers and flowlines. The agreement succeeds a previous MSA and supports Petrobras\u2019s increased volume of operations. Services will be supplied from TechnipFMC\u2019s base in Maca\u00e9, Brazil. Jonathan Landes, President, Subsea at TechnipFMC, commented: \u201cThis new MSA continues our enduring partnership with Petrobras. We are … <\/p>\n

Continue reading “TechnipFMC Awarded Substantial Subsea Services Offshore Brazil Contract by Petrobras”<\/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-725499","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTechnipFMC Awarded Substantial Subsea Services Offshore Brazil Contract by Petrobras - 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-substantial-subsea-services-offshore-brazil-contract-by-petrobras\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TechnipFMC Awarded Substantial Subsea Services Offshore Brazil Contract by Petrobras - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TechnipFMC Awarded Substantial Subsea Services Offshore Brazil Contract by Petrobras NEWCASTLE & HOUSTON–(BUSINESS WIRE)– TechnipFMC (NYSE: FTI) has been awarded a substantial(1) master services agreement (MSA) for subsea services with Petrobras. The three-year contract has an option to extend for a further two years. TechnipFMC will provide life-of-field services to support its installed base offshore Brazil. The contract covers installation, intervention, and maintenance of both equipment and tooling, as well as technical support for subsea umblicals, risers and flowlines. The agreement succeeds a previous MSA and supports Petrobras\u2019s increased volume of operations. Services will be supplied from TechnipFMC\u2019s base in Maca\u00e9, Brazil. Jonathan Landes, President, Subsea at TechnipFMC, commented: \u201cThis new MSA continues our enduring partnership with Petrobras. 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