TechnipFMC Awarded Subsea Contract for ExxonMobil Liza Phase 2 Project
October 23 2018 - 1:00AM
Business Wire
TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) has been
awarded a contract by an affiliate of ExxonMobil Corporation (NYSE:
XOM) for the engineering of the subsea system for the proposed Liza
Phase 2 project.
Following engineering and subject to requisite government
approvals, project sanction and an authorization to proceed with
the next phase, TechnipFMC will then manufacture and deliver the
subsea equipment. Delivery would include 30 enhanced vertical deep
water trees and associated tooling, as well as eight manifolds and
associated controls and tie-in equipment.
“We are very pleased that ExxonMobil has selected TechnipFMC to
commence engineering for the Liza Phase 2 subsea equipment. We
share ExxonMobil’s values of collaboration, trust, and overall
commitment to operational excellence and the successful long-term
development of the project,” said Doug Pferdehirt, CEO of
TechnipFMC.
In support of this project, TechnipFMC will continue hiring and
training Guyanese engineers.
The Liza Phase 2 development is located approximately 193 km
(120 miles) offshore Guyana on the Stabroek Block with water depths
of 1,500 m (4,900 ft) to 1,900 m (6,200 ft). ExxonMobil affiliate,
Esso Exploration and Production Guyana Limited (EEPGL), is the
operator.
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Important Information for Investors and
Securityholders
Forward-Looking Statement
This 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 “estimated”, “aimed”,
“scheduled” and 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. Known material factors that could
cause our actual results to differ from those in the
forward-looking statements include our ability to successfully
deliver, and ExxonMobil’s acceptance of, the subsea products
ordered, as well as our ability to hire and train the necessary
engineers for the project. For additional 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 Registration Statement on Form S-4,
Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and
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We caution you not to place undue reliance on any
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We undertake no obligation to publicly update or revise any of our
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a result of new information, future events or otherwise, except to
the extent required by law.
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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.
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TechnipFMCInvestor relationsMatt SeinsheimerVice
President Investor RelationsTel: +1 281 260 3665Email: Matt
SeinsheimerorPhillip LindsayDirector Investor Relations EuropeTel:
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relationsChristophe BelorgeotVice President Corporate
CommunicationsTel: +33 1 47 78 39 92Email: Christophe
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47 78 34 83Email: Delphine Nayral