Technipfmc Secures $500M In Subsea Contracts With Petrobras
Date
9/20/2024 5:22:08 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 20. TechnipFMC has
been awarded two significant subsea contracts by Petrobras, further
expanding its role in the development of Brazil's pre-salt oil
reserves, Trend
reports.
According to the company, these contracts, focused on the Atapu
2, Sepia 2, and Roncador projects, reaffirm TechnipFMC's
long-standing presence and expertise in the region.
The first contract, described as substantial, involves the
design, engineering, and manufacturing of flexible riser pipes.
TechnipFMC will also provide essential services such as packing and
storage to ensure seamless project execution.
The second award, following a competitive tender process, is a
significant contract for the design and supply of subsea production
systems. These systems will be critical in supporting Petrobras's
ongoing expansion across its offshore fields. In addition to the
production systems, TechnipFMC will offer installation support and
life-of-field services, with the option for additional equipment as
needed.
Crucially, all products and services will be produced locally,
utilizing TechnipFMC's established infrastructure and expertise
within Brazil. This commitment to local production strengthens both
Brazil's industrial base and TechnipFMC's ability to meet the
region's growing energy needs.
Jonathan Landes, President of Subsea at TechnipFMC, highlighted
the significance of the contracts:“These awards underscore our
leadership in flexible pipe technology and the success of our
standardized equipment platform, which has already proven effective
on Petrobras's Buzios fields. With nearly 70 years of experience in
Brazil, we remain deeply committed to supporting Petrobras's
strategic vision and the continued development of the country's
energy sector.”
The two contracts, valued between $75 million and $500 million,
will be included in TechnipFMC's inbound orders for the third
quarter of 2024, further bolstering the company's portfolio in
Brazil's energy market.
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