TechnipFMC (NYSE: FTI) has been awarded a significant(1) subsea contract by Petrobras, following a competitive bidding process, to supply flexible pipe systems supporting developments offshore Brazil.
TechnipFMC will design, engineer, and manufacture flexible flowlines for use across multiple pre-salt fields. The project will draw on local engineering, manufacturing, and supply chain capabilities, further strengthening Brazil's offshore energy industry.
Jonathan Landes, President, Subsea at TechnipFMC, commented: "This award highlights the confidence Petrobras continues to place in TechnipFMC's execution capabilities. Our industry-leading flexible solutions and ongoing industrialization efforts enable us to deliver greater efficiency, consistency, and predictability as we support Petrobras' offshore developments and help ensure project timing and performance."
(1) For TechnipFMC, a "significant" contract is between $75 million and $250 million. This award was included in inbound orders in the third quarter of 2026.
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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 22,000 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 X @TechnipFMC.
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