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Stock impact report

TechnipFMC Awarded Substantial Subsea Contract for Shell’s Bonga North Development in Nigeria

TechnipFMC plc Ordinary Share (FTI) 
Last technipfmc plc ordinary share earnings: 4/22 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.technipfmc.com
Company Research Source: Business Wire
NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has been awarded a substantial(1) contract by Shell Nigeria Exploration and Production Company Limited to supply Subsea 2.0® production systems for the Bonga North development in Nigeria.The contract covers the design and manufacture of subsea tree systems, manifolds, jumpers, controls, and services.Jonathan Landes, President, Subsea at TechnipFMC, commented: “Shell was the first to adopt our Subsea 2.0® configure-to-order solution, and continues to deploy it across multiple basins—underscoring its commitment to the technology globally. This award further positions us for future deepwater opportunities in the region.”(1) For TechnipFMC, a “substantial” contract is between $250 million and $500 million. This award will be included in inbound orders in the fourth quarter of 2024.Important Information for Investors and SecurityholdersForward-Looking StatementThis release contains "forward-looking statements" as defined in S Show less Read more
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