TechnipFMC has been awarded a substantial(1) contract by Petrobras to supply flexible pipe for the pre-salt fields offshore Brazil, following completion of a tender.

The contract covers the design, engineering, and manufacture of flexible pipe for water injection and gas lift.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “One of our core technologies will once again support Petrobras’s ambitions, and we are proud of the trust we have built with them over many decades. With this award, we will utilize our global manufacturing capabilities to assist with the continued development of pre-salt reserves.”

(1) For TechnipFMC, a “substantial” contract is between $250 million and $500 million. This award was included in inbound orders in the second quarter of 2024.

About TechnipFMC

TechnipFMC (NYSE: FTI) 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 Petrobras

Petrobras has upwards of 100 production platforms, 16 refineries, 30,000 kilometers of pipelines and more than 6,000 service stations. Our proved reserves are around 14 billion barrels of oil, a figure expected to double in the next few years. With the discovery of oil and gas in the pre-salt region, Brazil may become the world's fourth biggest oil producer in 2030.

We have built a track record of overcoming challenges since 1953, when the company was created. The main one was developing technology to explore and produce oil in deep and ultra-deep waters, where upwards of 90% of our reserves are nestled. With innovation and daringness, we are now the Brazilian company that makes the applies for the most patents in Brazil and abroad.