TechnipFMC (NYSE: FTI) has been awarded a significant(1) contract for Subsea 2.0® production systems by Chevron for the Gorgon Stage 3 brownfield project in Australia.

This contract marks the introduction of the first 7-inch series of Subsea 2.0® horizontal subsea trees. In addition, TechnipFMC will deliver flexible jumpers designed to increase production rates and provide flow assurance for gas applications.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “Gorgon Stage 3 incorporates our Subsea 2.0® configure-to-order platform and our unique advanced flexible pipe technology. At TechnipFMC, we focus on commercializing innovative solutions that give our customers confidence in project execution and schedule certainty. We are proud to continue our 20-year partnership with Chevron on the Gorgon development through this latest opportunity.”

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

About TechnipFMC

TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.

With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.

Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.

Each of our approximately 21,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.

About Chevron Australia

Chevron is one of the world's leading integrated energy companies and through its Australian subsidiaries, has been present in Australia for more than 70 years. With the ingenuity and commitment of thousands of workers, Chevron Australia operates the Gorgon and Wheatstone natural gas facilities; manages its equal one-sixth interest in the North West Shelf Venture; progressing the decommissioning of Australia’s largest onshore oilfield on Barrow Island; and is a significant investor in exploration. Chevron Australia Downstream delivers quality fuels and lubricants primarily via its Caltex network of service stations across Australia.