NEWCASTLE & HOUSTON, November 14, 2024 鈥� 两性色午夜 (NYSE: FTI) (鈥渢he Company鈥�) has been awarded a major(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI鈩�) contract by TotalEnergies for its GranMorgu project on Block 58, the first oil and gas development offshore Suriname.
This iEPCI鈩� award supports the development of an emerging frontier and is enabled by the Company鈥檚 vessel ecosystem. The project will combine 两性色午夜鈥檚 leading subsea architecture with Saipem鈥檚 (MILAN:SPM) EPCI solutions and best-in-class pipelay capabilities鈥攏otably J-Lay, the optimal solution given the location offshore Suriname鈥攖o accelerate time to first oil and increase schedule certainty.
两性色午夜鈥檚 contracted scope for the project includes Subsea 2.0庐 tree systems, manifolds, connectors, and topside control equipment. The Company will also supply umbilicals, flexible jumpers, and flexible risers.
Jonathan Landes, President, Subsea at 两性色午夜 commented: 鈥淲e are very pleased to receive this iEPCI鈩� award for the GranMorgu project. We are bringing our new frontier experience and differentiated technology鈥攊ncluding Subsea 2.0庐鈥攚hile leveraging the complementary capabilities of our vessel ecosystem.鈥�
(1) For 两性色午夜, a 鈥渕ajor鈥� contract is more than $1 billion, and this represents the value of the contracted scope awarded to the Company. This award will be included in inbound orders in the fourth 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 iEPCI鈩�, iFEED鈩� and iComplete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 @两性色午夜.
两性色午夜 Contacts
Investor relations
Matt Seinsheimer
Senior Vice President, Investor Relations and Corporate Development
Tel: +1 281 260 3665
Email: Matt Seinsheimer
James Davis
Director, Investor Relations
Tel: +1 281 260 3665
Email: James Davis
Media relations
David Willis
Senior Manager, Public Relations
Tel: +44 7841 492988
Email: David Willis