TechnipFMC has secured two subsea contracts from Petrobras for Brazil’s offshore pre-salt fields. The first contract, valued as “substantial”(1), involves the design, engineering, and manufacturing of flexible riser pipes. TechnipFMC will also provide related services, including packing and storage.
The second contract, awarded after a competitive bidding process and deemed “significant”(2), covers the design, engineering, and manufacturing of subsea production systems for the Atapu 2, Sepia 2, and Roncador projects. It also includes installation support, life-of-field services, and the option for additional equipment and services.
All equipment will be manufactured and serviced locally, capitalizing on TechnipFMC’s Brazilian capabilities, which support the ongoing development of pre-salt reserves.
Jonathan Landes, President of Subsea at TechnipFMC, remarked, “These contracts emphasize our leadership in flexible pipe technology and the success of our standardized equipment platform, which was effectively utilized for Petrobras on the Buzios 6-9 fields. Our nearly 70-year presence in Brazil highlights our deep commitment to the region and our continued support of Petrobras’s strategic vision. We will leverage our extensive local operations to fulfill these contracts.”
(1) A “substantial” contract for TechnipFMC is valued between $250 million and $500 million. This award will be included in third-quarter 2024 orders. (2) A “significant” contract for TechnipFMC is valued between $75 million and $250 million. This award will also be included in third-quarter 2024 orders.
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