TechnipFMC awarded significant subsea production systems contract by Petrobras

TechnipFMC (FTI) has been awarded a significant contract, following a competitive tendering process, for subsea production systems by Petrobras (PBR). TechnipFMC will design, engineer, and manufacture subsea production systems to be deployed in an array of greenfield developments, brownfield expansions, and asset revitalizations across Petrobras’ extensive portfolio. The contract also covers installation support and life-of-field services, with provisions for additional equipment and services. Jonathan Landes, President, Subsea at TechnipFMC, commented: “Leveraging our industrialized operating model, we can standardize innovative solutions and deliver the schedule certainty that Petrobras expects on its projects. We look forward to creating new value together as we build on our decades-long relationship as a trusted local partner.” The subsea production systems will be manufactured and serviced in Brazil, utilizing local capabilities and expertise. For TechnipFMC, a “significant” contract is between $75M and $250M.