TechnipFMC (NYSE: FTI) has been awarded a substantial(1) contract by Petrobras to supply flexible pipe for the pre-salt fields offshore Brazil, following completion of a tender.The contract covers the design, engineering, and manufacture of flexible pipe for water injection and gas lift.
Jonathan Landes, President, Subsea at TechnipFMC, commented: “One of our core technologies will once again support Petrobras’s ambitions, and we are proud of the trust we have built with them over many decades. With this award, we will utilize our global manufacturing capabilities to assist with the continued development of pre-salt reserves.”(1) For TechnipFMC, a “substantial” contract is between $250 million and $500 million. This award was included in inbound orders in the second quarter of 2024.
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