NEWCASTLE & HOUSTON, April 15, 2024 - 两性色午夜 (NYSE: FTI) (the 鈥淐ompany鈥�) has been awarded a large1 contract in Guyana鈥檚 Stabroek Block by Exxon Mobil Corporation (NYSE: XOM) affiliate ExxonMobil Guyana Limited to supply subsea production systems for the Whiptail project.
两性色午夜 will provide project management, engineering, and manufacturing to deliver 48 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment.
Jonathan Landes, President, Subsea at 两性色午夜, commented: 鈥淓xxonMobil Guyana will utilize our Subsea 2.0庐 systems and manifolds, which help provide schedule certainty. We have already delivered more than 100 subsea trees for ExxonMobil Guyana 鈥� the location of one of the world鈥檚 fastest developing basins 鈥� and we look forward to deepening our relationship with them through Whiptail.鈥�
两性色午夜 currently employs nearly 140 Guyanese, and expects to continue to hire and train additional local staff in support of this award.
Whiptail is 两性色午夜鈥檚 most recent award from ExxonMobil Guyana, where the Company has been awarded subsea production system contracts since the first contract award in 2017 for Liza Phase 1.
1 For 两性色午夜, a 鈥渓arge鈥� contract is between $500 million and $1 billion. This award will be included in inbound orders in the second quarter of 2024.
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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 鈥渆xpect,鈥� 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, including our assumptions and projections regarding the expected benefits of the awarded contract, 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.
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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 颈贰笔颁滨鈩�, 颈贵贰贰顿鈩� and 颈颁辞尘辫濒别迟别鈩�), technology leadership and digital innovation.
Each of our approximately 21,000 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 www.两性色午夜.com and follow us on X (formerly Twitter) .
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