TechnipFMC Awarded Subsea Contract for ExxonMobil Liza in Guyana
April 25 2017 - 5:45PM
Business Wire
TechnipFMC (Paris:FTI)(NYSE:FTI)(ISIN:GB00BDSFG982) has been
awarded a contract by an affiliate of ExxonMobil Corporation
(NYSE:XOM) for the engineering, manufacture and delivery of the
subsea equipment for the proposed Liza deep water project.
The award scope includes seventeen total enhanced vertical deep
water trees and associated tooling, as well as five manifolds and
associated controls and tie-in equipment.
“We are pleased that ExxonMobil has selected TechnipFMC for the
Liza subsea equipment. We value our long-term, collaborative
relationship with ExxonMobil and we are committed to execution
excellence and the successful long-term development of the project
in Guyana,” said Hallvard Hasselknipe, President Subsea Projects,
TechnipFMC.
Liza, operated by an ExxonMobil affiliate, Esso Exploration and
Production Guyana Limited (EEPGL), is located in the Stabroek block
approximately 193 km (120 miles) offshore Guyana in waters depths
of 1,500 m (4,900 ft) to 1,900 m (6,200 ft). This greenfield
development has an estimated recovery in excess of 1 billion
oil-equivalent barrels.
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 40,000 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.
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. Words such as “scheduled,” “estimated” and
other 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 the Company's ability to
successfully deliver, and ExxonMobil’s acceptance of, the subsea
products ordered. 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
Current Reports on Form 8-K.
We caution you not to place undue reliance on any
forward-looking statements, which speak only as of the date hereof.
We undertake no obligation to publicly update or revise any of our
forward-looking statements after the date they are made, whether as
a result of new information, future events or otherwise, except to
the extent required by law.
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