TechnipFMC Awarded a Significant Subsea Contract for Petrobras’ Marlim and Voador Fields
April 20 2021 - 4:15PM
Business Wire
TechnipFMC (NYSE: FTI) (PARIS: FTI) today announced that it has
been awarded a significant(1) subsea contract from Petrobras (NYSE:
PBR) for the Marlim and Voador fields, located offshore Brazil.
TechnipFMC will supply up to eight manifolds for production and
injection, utilizing the all-electric Robotic Valve Controller
(RVC). The contract also includes associated tools, spares and
services.
The RVC is a unique robotic technology that replaces traditional
subsea hydraulics, as well as thousands of mechanical parts, while
providing real-time data and analysis on system performance. This
results in a manifold that is smaller, less complex and less costly
with a significantly reduced carbon footprint. Moreover, the RVC’s
software can be remotely upgraded and maintained subsea, increasing
the overall reliability and availability of the subsea system.
Jonathan Landes, President Subsea at TechnipFMC, commented: “We
are honored that Petrobras has selected us to support the ongoing
development of the Marlim and Voador fields. We look forward to
executing this project using our local capabilities in Brazil and
contributing to another important development in the country.
“We are very excited to bring new technology and automation
capabilities to this project through the use of the RVC to operate
the manifolds. Our innovations in automation and electrification
are helping our clients lower their operational expenditures and
reduce the carbon intensity of their subsea projects.”
(1) For TechnipFMC, a “significant” contract is between $75
million and $250 million.
Note: this inbound order was included in the Company’s first
quarter financial results.
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 “believe”, “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. For 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 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.
About TechnipFMC
TechnipFMC is a leading technology provider to the traditional
and new energy 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.
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