Oil & Energy

Google Ad

French oil services company TechnipFMC (NYSE: $FTI) (PARIS: $FTI) today announced it has been awarded a significant subsea contract from Brazilian oil company Petrobras (NYSE: PBR) for the Marlim and Voador fields, located offshore Brazil.

Brazil Petrobas Fields

TechnipFMC will supply up to eight manifolds for production and injection, utilizing the all-electric Robotic Valve Controller (RVC). The contract also includes associated tools, spares and services.

Technip Robotic Valve

The RVC is a unique robotic technology that replaces traditional subsea hydraulics, as well as thousands of mechanical parts, while providing real-time data and analysis on system performance. This results in a manifold that is smaller, less complex and less costly with a significantly reduced carbon footprint. Moreover, the RVC's software can be remotely upgraded and maintained subsea, increasing the overall reliability and availability of the subsea system.

Market Reaction

  • TechnipFMC PLC After hours $FTI $7.18 +0.024 (+0.31%)
  • Petroleo Brasileiro ADR After hours $PBR $8.30 −0.030 (-0.36%)

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(TM), iFEED(TM) and iComplete(TM)), 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.

Source: TechnipFMC

From The TradersCommunity News Desk

Log in to comment
Discuss this article in the forums (0 replies).