Apr 9, 2019   SOURCE: BusinessWire

TechnipFMC awarded a significant Subsea contract for the Lapa Pre-Salt Field in Brazil

TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a significant(1) contract for Lapa field by Total E&P do Brasil Ltda. (“Total”), on behalf of the Lapa Field Consortium, comprised of Total (35%), Shell Brasil Petróleo Ltda. (30%), Repsol Sinopec Brasil S.A. (25%) and Petróleo Brasileiro S.A. - Petrobras (10%). The Lapa field is located in the pre-salt Santos Basin, under the BM-S-9A concession, at 2,150 meters of water depth offshore Brazil.

The contract covers the supply of flexible pipes for oil production, gas lift and gas injection as well as associated accessories. The field will be connected to the FPSO(2) Cidade de Caraguatatuba, already in operation.

Arnaud Piéton, President Subsea at TechnipFMC, commented: “We are honored to be selected to execute the Lapa pre-salt field project in Brazil. We look forward to collaborating with Total and the Lapa Field Consortium to further enhance the hydrocarbon potential of Brazil.”

(1) For TechnipFMC, a “significant” contract is between $75 million and $250 million.
(2) FPSO: Floating Production Storage and Offloading unit

Note: this inbound order was included in the Company’s first quarter 2019 financial results.

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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.