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Stock impact report

TechnipFMC to Develop First Major Subsea Project Offshore Suriname [Yahoo! Finance]

TotalEnergies SE (TTE) 
Company Research Source: Yahoo! Finance
engineering, procurement, construction, and installation (iEPCI) contractalongside Saipem S.p.A, an Italian oilfield engineering and construction services firmfor the subsea development of TotalEnergies' GranMorgu field on Block 58, offshore Suriname. TechnipFMC is responsible for a subsea production system (SPS), which includes Subsea 2.0 tree systems, manifolds, connectors, and topside controls. It also provides flexible risers and umbilical equipment packages. FTI's scope of work in the contract is valued at over $1 billion. Saipem's contract covers the engineering, procurement, supply, construction, and installation of subsea infrastructure, including umbilicals, risers, and flowlines. The company is also responsible for pre-commissioning work and supporting the commissioning and start-up of the Subsea Umbilicals, Risers, and Flowlines (“SURF”) package. SAPMF will carry out the engineering, procurement, supply, construction, and installation of 100 kilometers of subsea produ Show less Read more
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