TechnipFMC Awarded a Significant Subsea Contract for Equinor Kristin Sør Field

TechnipFMC (NYSE: FTI) (PARIS: FTI) today announced that it has been awarded a significant⁽¹⁾ Engineering, Procurement, Construction and Installation contract by Equinor for the Kristin Sør field in the North Sea. TechnipFMC will supply rigid pipelines, static and dynamic umbilicals, as well as pipeline and marine installation of the subsea production facilities.

Jonathan Landes, President, Subsea at TechnipFMC, commented, "We are proud to collaborate closely with Equinor once again, working together from early in the front-end and concept phase to develop optimized solutions and methodology for the installation for Kristin Sør. This project will also utilize Deep Arctic, which is equipped with hybrid battery solutions to reduce emissions.”

The project will be executed by TechnipFMC’s operating center in Oslo, Norway, with fabrication occurring in the Company’s facilities in Norway and the United Kingdom.

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

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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 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.

TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.

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