NEWCASTLE & HOUSTON, January 16, 2024 鈥� 两性色午夜 (NYSE: FTI) has been awarded a significant(1) contract by bp (LON: BP) for its Argos Southwest Extension project in the Mad Dog field.
两性色午夜 will install pipe and an umbilical, tying back three new wells to the Argos platform in the Gulf of Mexico.
Jonathan Landes, President, Subsea at 两性色午夜, commented: 鈥淲e have a long-standing relationship with bp, underpinned by close collaboration. This partnership, combined with our robust installation and execution capabilities, enables us to meet bp鈥檚 schedule to extend the production in the Mad Dog field.鈥�
Under the contract, 两性色午夜 will also manufacture and install pipeline end terminations.
听
(1)For 两性色午夜, a 鈥渟ignificant鈥� contract is between $75 million and $250 million. This award was included in fourth quarter 2023 Subsea inbound orders.
###
听
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, including statements regarding the transaction, the expected closing of the transaction and the timing thereof, or post-closing operations and strategies of the company, including the risk that a condition to closing of the transaction may not be satisfied, that either party may terminate the definitive agreement in accordance with the terms thereof or that the closing of the transaction might be delayed or not occur at all our inability to satisfy closing conditions and consummate the transaction, and other material factors that could cause actual results to differ from projected results, as discussed in our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our latest Annual Report 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.
听
###
听
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.听
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) .
听
Contacts
Investor relations
Matt Seinsheimer
Senior Vice President, Investor Relations and Corporate Development
Tel: +1 281 260 3665
Email:听Matt Seinsheimer
James Davis
Director, Investor Relations
Tel: +1 281 260 3665
Email:听James Davis
Media relations
Catie Tuley
Director, Public Relations
Tel: +1 713 876 7296
Email:听Catie Tuley
David Willis
Senior Manager, Public Relations
Tel: +44 7841 492988
Email:听David Willis