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Press Release

两性色午夜 Awarded Significant Subsea Contract by Wintershall Dea

January 10, 2023

NEWCASTLE & HOUSTON, January 10, 2023 鈥 两性色午夜 (NYSE: FTI) has been awarded a significant(1) engineering, procurement, construction, and installation contract by Wintershall Dea Norge AS for its Dvalin North project.

The contract covers the design, engineering, manufacture, and installation of pipe for the Dvalin North field, which will be tied back to the Heidrun Platform via the existing Dvalin field on the Norwegian Continental Shelf (NCS).

Jonathan Landes, President, Subsea at 两性色午夜, commented: 鈥淲e previously installed subsea umbilicals, risers and flowlines in the Dvalin field, and this new contract builds on the success of our installed base there. We have a deep understanding of our client鈥檚 needs and a strong, collaborative relationship with Wintershall Dea.鈥

Dvalin North was the second significant contract awarded to 两性色午夜 by Wintershall Dea in 2022, following on from an iEPCI鈩 that will extend the life of the Maria field in the NCS.

(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 inbound orders in the fourth quarter of 2022.

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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, 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 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 www.两性色午夜.com and follow us on .

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