TechnipFMC lands subsea contracts with Petrobras worth up to $750 million
TechnipFMC has been awarded two subsea contracts by Petrobras for flexible pipe for use in multiple basins. The first award is a substantial(1) contract to design, engineer, and manufacture flexible gas injection risers. This high-technology solution will sustain reservoir pressure and enhance production efficiency through high-capacity gas reinjection in pre-salt formations in the Santos basin.
The second award, which followed a competitive tender, is a significant(2) contract to design, engineer, and manufacture flexible risers and flowlines for deployment on assets in the Campos basin.
“As Petrobras unlocks Brazil’s energy resources, we are proud to provide technology and expertise that support some of their most technically challenging projects," commented Jonathan Landes, President, Subsea at TechnipFMC. "TechnipFMC is a subsea innovation leader and continues to advance flexible technology to support new projects and enhance value for its clients.”
Manufacturing will be fulfilled exclusively at TechnipFMC’s flexibles manufacturing facility in Açu, Brazil. For more than 40 years, TechnipFMC has delivered advanced technological solutions while supporting the development of local economies in Brazil.
(1) For TechnipFMC, a “substantial” contract is between $250 million and $500 million.
(2) For TechnipFMC, a “significant” contract is between $75 million and $250 million.
