TechnipFMC Awarded Significant Subsea Project by Equinor for the Verdande Field

Source Press Release
Company TechnipFMC plcEquinor ASA 
Tags Upstream Activities, Service Contracts
Date February 16, 2023

TechnipFMC (NYSE: FTI) has been awarded a significant(1) contract for the subsea production system for Equinor’s Verdande project on the Norwegian Continental Shelf.

The contract – awarded under TechnipFMC’s framework agreement with Equinor – covers the complete subsea production system including subsea trees and structures, control systems, connections, tooling, and installation support.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “This latest contract highlights the close relationship we have with Equinor under the framework agreement. We are delighted that Equinor is once again placing trust in our technology.”

(1) For TechnipFMC, a “significant” contract is between $75 million and $250 million.

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