TechnipFMC Awarded Significant Integrated EPCI Contract by Woodside

TechnipFMC has been awarded a significant⁽¹⁾ integrated Engineering, Procurement, Construction and Installation (EPCI) contract by Woodside for the development of the Pyxis and Xena fields, located offshore North West Australia.

TechnipFMC will design, manufacture, deliver and install subsea equipment including subsea production system, flexible flowlines and umbilicals.

This contract is the first call-off under the recently executed five-year EPCI Frame Agreement between TechnipFMC and Woodside. The Frame Agreement allows collaborative development of projects for Woodside through early engagement and utilization of TechnipFMC integrated execution solutions.

Arnaud Piéton, President Subsea at TechnipFMC, commented: “We are very pleased to have signed a five-year Frame Agreement with Woodside that leads to this first contract under this agreement. This iEPCITM contract combines our integrated subsea solution with our Subsea 2.0 products and illustrates TechnipFMC’s complete offering. We value our long-term, collaborative relationship with Woodside and are committed to bring the best in the execution of this project.”

(1) For TechnipFMC, a “significant” contract is between $75 million and $250 million
Note: this inbound order was included in the Company’s third quarter financial results.