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两性色午夜 completes remaining conditions with MIDOR, enabling work to commence on Refinery Expansion and Modernization project in Egypt

March 05, 2019

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Mar. 5, 2019-- 两性色午夜 (NYSE:FTI) (Paris:FTI) has successfully completed the remaining conditions required to enable work to commence on the Engineering, Procurement, and Construction (EPC) contract by听Middle East Oil Refinery听(MIDOR) for the modernization and expansion of their existing complex near听Alexandria, Egypt.

As previously stated, this major(1)听EPC contract covers the debottlenecking of existing units, the delivery of new units including a Crude and Vacuum Distillation Unit, a hydrogen production facility based on our steam reforming technology, as well as various process units, interconnecting, offsites and utilities. Starting in 2022, the modernized complex will produce Euro V products, with a 60% increase in the refinery鈥檚 original capacity to 160,000 barrels per day of crude oil.

The contract award will be included in the Company鈥檚 first quarter 2019 inbound orders in its Onshore/Offshore segment.

(1)For 两性色午夜, a 鈥渕ajor鈥 contract is over $1 billion.

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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听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 global leader in subsea, onshore/offshore, and surface projects. With our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our clients鈥 project economics.

We are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our clients in developing their oil and gas resources.

Each of our more than 37,000 employees is driven by a steady commitment to clients and a culture of purposeful innovation, challenging industry conventions, and rethinking how the best results are achieved.

To learn more about us and how we are enhancing the performance of the world鈥檚 energy industry, go to 两性色午夜.com and follow us on Twitter @两性色午夜.

Source: 两性色午夜

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