LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Feb. 22, 2021-- TechnipFMC (NYSE: FTI) (PARIS: FTI) (ISIN:GB00BDSFG982) is pleased to announce that its subsidiary, FMC Wellhead Equipment Sdn. Bhd. (TechnipFMC) has been awarded a substantial(1) contract by PETRONAS Carigali Sdn. Bhd. (PETRONAS Carigali), a subsidiary of PETRONAS for the provision of front-end engineering design, and integrated engineering, procurement, construction, installation and commissioning of subsea production system, umbilicals, risers and flowlines (iEPCI™) for the Limbayong Deepwater Development Project. PETRONAS is a global energy and solutions partner and ranked amongst the largest corporations in Fortune Global 500®.
This contract covers the development of 10 deepwater wells and their tieback to the Limbayong Floating Production Storage and Offloading (FPSO) unit in Malaysia. TechnipFMC will design, manufacture, deliver and install subsea equipment including subsea trees, manifolds, umbilicals, flexible risers, flowlines, jumpers and other associated subsea hardware for the project.
The project will be executed from TechnipFMC’s Kuala Lumpur office and will leverage its local manufacturing plants in Malaysia.
Jonathan Landes, President Subsea at TechnipFMC commented: “We are delighted and honored to have been selected by PETRONAS Carigali to develop this deepwater field. We are committed to PETRONAS Carigali and to the Malaysian oil and gas industry. This iEPCI™ contract combines our integrated subsea solution with our Subsea 2.0™ products, demonstrating the added value of our unique and complete integrated offering.”
(1) For TechnipFMC, a “substantial” contract ranges between $250 million and $500 million.
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TechnipFMC is a leading technology provider to the traditional and new energies industries; delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
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 and follow us on Twitter @TechnipFMC.
Category: UK regulatory
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