| Work Detail |
Offshore contracting giant TechnipFMC has been awarded two subsea contracts by Brazilian state-owned oil and gas major Petrobras for work on pre-salt fields offshore Brazil. The first award contract, a substantial one under TechnipFMC standards, is to design, engineer, and manufacture riser flexible pipe. The company will also supply associated services including packing and storage. Although the financial details of the deal are not clear, a substantial contract is valued by TechnipFMC between $250m and $500m. This contract will be included in inbound orders in the third quarter of 2024. The second award, which followed a competitive tender, is a significant contract to design, engineer, and manufacture subsea production systems to be deployed on the Atapu 2, Sepia 2, and Roncador projects. The contract also covers installation support and life-of-field services, as well as the option for additional equipment and services. All equipment and products will be manufactured and serviced locally, leveraging core capabilities in Brazil that enable continued development of pre-salt reserves. This deal is worth between $75m and $250m and will also be included in this quarter’s inbound orders. “These awards underscore our leadership position in flexible pipe technology and the proven success of our standardized equipment platform that was effectively deployed for Petrobras on the Buzios 6-9 fields,” said Jonathan Landes, president of subsea at TechnipFMC. |
