{"id":727395,"date":"2023-01-31T16:31:51","date_gmt":"2023-01-31T21:31:51","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-awarded-large-integrated-epci-iepci-contract-for-aker-bps-utsira-high-development\/"},"modified":"2023-01-31T16:31:51","modified_gmt":"2023-01-31T21:31:51","slug":"technipfmc-awarded-large-integrated-epci-iepci-contract-for-aker-bps-utsira-high-development","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-awarded-large-integrated-epci-iepci-contract-for-aker-bps-utsira-high-development\/","title":{"rendered":"TechnipFMC Awarded Large Integrated EPCI (iEPCI\u2122) Contract for AKER BP\u2019s Utsira High Development"},"content":{"rendered":"

<\/p>\n

TechnipFMC Awarded Large Integrated EPCI (iEPCI\u2122) Contract for AKER BP\u2019s Utsira High Development<\/b><\/p>\n

NEWCASTLE & HOUSTON–(BUSINESS WIRE<\/a>)–
\nTechnipFMC (NYSE: FTI) has been awarded a large(1)<\/sup> integrated Engineering, Procurement, Construction, and Installation (iEPCI\u2122<\/a>) contract by Aker BP (OSE: AKRBP) for its Utsira High development.\n<\/p>\n

\nThe contract brings together three projects that will tie back to the Ivar Aasen and Edvard Grieg production platforms. TechnipFMC will engineer, procure, construct, and install the subsea production systems, controls, pipelines, and umblicals for the development, which is Aker BP\u2019s first iEPCI\u2122 project. It follows a two-year integrated front-end engineering and design (iFEED\u2122<\/a>) study to optimize field layout.\n<\/p>\n

\nJonathan Landes, President, Subsea at TechnipFMC, commented: \u201cAker BP is joining the growing list of clients who are choosing the benefits of our integrated model, which include an acceleration in time to first production. Our familiarity with the Utsira High area and the success of our installed base there were key components in receiving this direct award. We have valued our dialogue with Aker BP during this process and we are excited about collaborating with them on Utsira High.\u201d\n<\/p>\n

(1) For TechnipFMC, a \u201clarge\u201d contract is between $500 million and $1 billion.<\/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\/20230131005769\/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> North America United States United Kingdom Europe Norway Texas New York<\/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 Large Integrated EPCI (iEPCI\u2122) Contract for AKER BP\u2019s Utsira High Development NEWCASTLE & HOUSTON–(BUSINESS WIRE)– TechnipFMC (NYSE: FTI) has been awarded a large(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI\u2122) contract by Aker BP (OSE: AKRBP) for its Utsira High development. The contract brings together three projects that will tie back to the Ivar Aasen and Edvard Grieg production platforms. TechnipFMC will engineer, procure, construct, and install the subsea production systems, controls, pipelines, and umblicals for the development, which is Aker BP\u2019s first iEPCI\u2122 project. It follows a two-year integrated front-end engineering and design (iFEED\u2122) study to optimize field layout. Jonathan Landes, President, Subsea at TechnipFMC, commented: \u201cAker BP is joining the growing list of clients who are … <\/p>\n

Continue reading “TechnipFMC Awarded Large Integrated EPCI (iEPCI\u2122) Contract for AKER BP\u2019s Utsira High Development”<\/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-727395","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTechnipFMC Awarded Large Integrated EPCI (iEPCI\u2122) Contract for AKER BP\u2019s Utsira High Development - 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-large-integrated-epci-iepci-contract-for-aker-bps-utsira-high-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TechnipFMC Awarded Large Integrated EPCI (iEPCI\u2122) Contract for AKER BP\u2019s Utsira High Development - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TechnipFMC Awarded Large Integrated EPCI (iEPCI\u2122) Contract for AKER BP\u2019s Utsira High Development NEWCASTLE & HOUSTON–(BUSINESS WIRE)– TechnipFMC (NYSE: FTI) has been awarded a large(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI\u2122) contract by Aker BP (OSE: AKRBP) for its Utsira High development. 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