Business
TechnipFMC Awarded Major iEPCI™ Contract for Shell’s Gato do Mato Development Offshore Brazil
NEWCASTLE & HOUSTON, March 25, 2025--TechnipFMC (NYSE: FTI) has been awarded a major(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Shell for its Gato do Mato greenfield development offshore Brazil.
About this update from Technipfmc Plc
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1145,"height":226,"url":"https://media.zenfs.com/en/business-wire.com/c4cd19c060a4c2c139450b6c78151943"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/lxKc3t1T3L0Mxx3ei3b6Kw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTE4OTtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/c4cd19c060a4c2c139450b6c78151943","width":960,"height":189},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/uSZUVmphrzkNm_W71jmNMQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIyOTA7aD00NTI7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/c4cd19c060a4c2c139450b6c78151943","width":1145,"height":226}},"lazy":false},{"type":"text","content":"NEWCASTLE & HOUSTON, March 25, 2025--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has been awarded a major(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Shell for its Gato do Mato greenfield development offshore Brazil.","length":264,"tagName":"p"},{"type":"text","content":"In addition to integrated execution, the project will utilize Subsea 2.0® configure-to-order (CTO) subsea production systems. Combining both offerings will enable streamlined project management through a single interface and accelerate time to first oil.","length":254,"tagName":"p"},{"type":"text","content":"Jonathan Landes, President, Subsea at TechnipFMC commented: "Throughout our 30-year partnership with Shell, we have built an overwhelmingly strong record of delivery. Our success in integrating and industrializing innovative solutions gives us the utmost confidence in providing the schedule certainty Shell requires for this flagship project offshore Brazil."","length":370,"tagName":"p"},{"type":"text","content":"(1) For TechnipFMC, a "major" contract is greater than $1 billion. This award will be included in inbound orders in the first quarter of 2025.","length":152,"tagName":"p"},{"type":"text","content":"Important Information for Investors and Securityholders","length":55,"tagName":"p"},{"type":"text","content":"Forward-Looking Statement","length":25,"tagName":"p"},{"type":"text","content":"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 Unite...