LONDON, PARIS and HOUSTON, June 13, 2017 TechnipFMC (NYSE and Euronext : FTI) has won from Statoil a contract for the extension of one of its projects EPC (1) current, located in the Norwegian North sea.
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The EPC project covers the supply of equipment, sub-marine, which comprise the host structure, the collector and two Christmas trees, submarines, subsea trees, including wellhead and the changes of the control systems of the project IOR (2) Visund North. The extension project, meanwhile, covers the installation of the structure and the collector, as well as the delivery and installation of a connector of a flowline and an umbilical. The project will be carried out in an integrated way (iEPCI (3)).
Hallvard Hasselknippe, President Projects Subsea TechnipFMC, said : “This project is the second contract, EPCI integrated that we win from Statoil. Our first contract iEPCI for the project Trestakk is progressing well and we are honored that Statoil we have been selected again for the development of Visund North “.
(1) EPC : Engineering, Procurement, Construction – engineering, equipment supply, construction
(2) IOR : Improved Oil Recovery enhanced recovery of oil
(3) iEPCI : integrated Engineering, Procurement, Construction and Installation integrated project engineering, equipment supply, construction and installation
Important Information for Investors and Shareholders
This communication contains “forward-looking statements” within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities Exchange Act of 1934, as amended. The forward-looking statements are often identified by the word “anticipated” or similar expressions, and generally refer to future events. Such forward-looking statements involve risks, uncertainties and assumptions significant that could cause actual results to differ materially from historical results, expectations or projections present. The factors that could cause actual results to differ materially from these forward-looking statements include our ability to deliver the products (” subsea ” ordered and accepted by Statoil. For more information about factors that could cause actual results to differ materially from current projections, please refer to the risk factors described in the documents filed by TechnipFMC with the United States Securities and Exchange Commission, including our registration statement on form S-4, our annual reports on form 10-K, our quarterly reports on form 10-Q, and our reports of permanent information on form 8-K.
We wish to caution you not to place undue reliance on these forward-looking statements, which speak only as of the date of their publication. We assume no obligation to publish a revision or update of these forward-looking statements after the date of their publication on the basis of new information, future events or otherwise, except to the extent required by law.
TechnipFMC is a global leader of projects in subsea, onshore/offshore and surface. Thanks to our technology and production systems to owners, to our built-in expertise and our complete solutions, we improve the profitability of our clients ‘ projects.
Our unique position allows us to offer greater efficiency throughout the entire life-cycle of projects, from their conception to their implementation and even beyond. Thanks to innovative technology and best performance, our offer opens up new opportunities to our clients in the development of their oil and gas resources.
Each of our more than 40,000 employees are guided by an unwavering commitment to our customers and a strong culture of innovation. They question the practices of the energy sector and rethinking the methods to achieve the best results.
To learn more about our company and how we optimize the performance of the global energy industry, please visit the site TechnipFMC.com and follow us on Twitter @TechnipFMC.
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