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TechnipFMC Awarded a Large EPCIC Contract for BP Greater Tortue Ahmeyim Development FPSO

03.01.2019

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Mar. 1, 2019-- TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) has been awardedby BP a large(1) contract for the engineering, procurement,construction, installation and commissioning (EPCIC) of the floatingproduction storage and offloading (FPSO) unit to be deployed offshore onthe maritime border of Mauritania and Senegal. This award is acontinuation to the FEED (front end engineering design) contract awardedin April 2018.

TechnipFMC will bring its expertise to deliver major projects,leveraging extensive experience with fabrication yards and fromsuccessful references for delivery of offshore gas monetizationfacilities such as Floating Liquid Natural Gas (FLNG), FPSO andconventional platforms.

Nello Uccelletti, President of TechnipFMC’s Onshore/Offshore business,commented: “We are honored to be entrusted with the execution ofthis prestigious contract in West Africa which is a testimonial to ourlong-term partnership with BP and our leadership in the Gas Monetizationindustry. This award is one of our strategic “early engagement” achievements, following the successful completion by TechnipFMC of theFEED study. We look forward to collaborating with BP to unlock the fullpotential of this important project”.

The initial subsea infrastructure connects the first four wellsconsolidated through production pipelines leading to this FPSO. Fromhere liquids are removed and the export gas is transported via apipeline to the LNG hub terminal where the gas is liquefied.

(1)For TechnipFMC, a “large” contract rangesbetween $500 million and $1 billion.

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Forward-Looking Statement

This release contains "forward-looking statements" as defined in Section27A of the United States Securities Act of 1933, as amended, and Section21E of the United States Securities Exchange Act of 1934, as amended.The words “believe”, “estimated” and other similar expressions areintended to identify forward-looking statements, which are generally nothistorical in nature. Such forward-looking statements involvesignificant risks, uncertainties and assumptions that could cause actualresults to differ materially from our historical experience and ourpresent expectations or projections. For information regarding knownmaterial factors that could cause actual results to differ fromprojected results, please see our risk factors set forth in our filingswith the United States Securities and Exchange Commission, which includeour Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, andCurrent Reports on Form 8-K. We caution you not to place undue relianceon any forward-looking statements, which speak only as of the datehereof. We undertake no obligation to publicly update or revise any ofour forward-looking statements after the date they are made, whether asa result of new information, future events or otherwise, except to theextent required by law.

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About TechnipFMC

TechnipFMC is a global leader in subsea, onshore/offshore, and surfaceprojects. With our proprietary technologies and production systems,integrated expertise, and comprehensive solutions, we are transformingour clients’ project economics.

We are uniquely positioned to deliver greater efficiency across projectlifecycles from concept to project delivery and beyond. Throughinnovative technologies and improved efficiencies, our offering unlocksnew possibilities for our clients in developing their oil and gasresources.

Each of our more than 37,000 employees is driven by a steady commitmentto clients and a culture of purposeful innovation, challenging industryconventions, and rethinking how the best results are achieved.

To learn more about us and how we are enhancing the performance ofthe world’s energy industry, go to TechnipFMC.com and follow us onTwitter @TechnipFMC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190228005884/en/

Source: TechnipFMC

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