LONDON & HOUSTON--(BUSINESS WIRE)--Jul. 6, 2021-- Regulatory News:
两性色午夜 (NYSE: FTI) (PARIS: FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI鈩�) contract for the Jubilee South East development, located offshore Ghana. It will be the company鈥檚 first iEPCI鈩� project with Tullow Ghana Ltd.
Jubilee South East is an extension to the Jubilee field. The contract builds upon 两性色午夜鈥檚 established relationship with Tullow and covers supply and offshore installation of all major subsea equipment, including manifolds and associated controls, flexible risers and flowlines, umbilicals, and subsea structures.
At the pre-tendering stage, 两性色午夜 utilized its Subsea Studio鈩� digital solutions to help optimize field layout. Subsea Studio鈩� is the company鈥檚 portfolio of design and monitoring tools which help clients to improve economics, enhance performance, and reduce emissions throughout the life of a project.
Jonathan Landes, President, Subsea at 两性色午夜, commented,听鈥淲e are proud to continue supporting Tullow Ghana in the development of the Jubilee field. This is the first time Tullow has used our iEPCI鈩� model, which enables us to collaborate even more closely and simplify project delivery.
鈥淲e will continue to use our Subsea Studio鈩� digital solution to optimize the development, execution, and operation of Jubilee South East.
鈥淲e also see our work on this project as an opportunity to further develop our local content in Ghana, with the fabrication of a number of subsea structures, including production and water injection manifolds, carried out in-country.鈥�
(1) For 两性色午夜, a 鈥渟ignificant鈥� contract is between $75 million and $250 million.
Note: this inbound order was included in the company鈥檚 second quarter financial results.
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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 鈥渂elieve鈥�, 鈥渆stimated鈥� 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 两性色午夜
两性色午夜 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鈥� 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 鈥� Subsea and Surface Technologies 鈥� we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI鈩�, iFEED鈩� and iComplete鈩�), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a commitment to our clients鈥� success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
两性色午夜 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 and follow us on Twitter @两性色午夜.
Category: UK regulatory
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