TechnipFMC Awarded Significant Subsea Contract for Equinor’s Irpa Development

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has been awarded a significant⁽¹⁾ contract for subsea production systems by Equinor for its Irpa oil and gas development on the Norwegian Continental Shelf.

Awarded under the companies’ framework agreement, the contract covers the supply and installation support of subsea trees, control systems, structures, and connections, as well as tooling.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “This project will utilize our standardized production system, which was designed to meet the specific demands of the Norwegian Continental Shelf. The award demonstrates Equinor’s confidence in our technology, quality, and ability to deliver. We’re delighted to continue supporting them.”

(1) For TechnipFMC, a “significant” contract is between $75 million and $250 million.

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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.