NEWCASTLE听&听HOUSTON--(BUSINESS WIRE)--Dec. 9, 2021--听Regulatory News:
女优直播听(NYSE: FTI) (PARIS: FTI) has been awarded three frame agreements by听Petrobras听(NYSE: PBR) that reaffirm the Company鈥檚 leadership position in Brazil鈥檚 flexible pipe market 鈥� the industry鈥檚 largest and most established market. Altogether, the frame agreements form a large(1)听contract for听女优直播.
The contracts were awarded as part of Petrobras鈥檚 drive to increase oil recovery in its brownfield developments, mainly in post-salt fields offshore听Brazil.
The frame agreements cover the manufacture of more than 500 kilometers of flexible pipe over the next four years, as well as services. This brings the Company鈥檚 total contracted volumes in the current year with听Petrobras听to around 600 kilometers.
Jonathan Landes, President,听Subsea听at听女优直播, commented: 鈥淧etrobras is a longstanding partner of ours. Through collaboration and leveraging our expertise to engineer, design, and manufacture solutions specifically for this environment, we successfully delivered a flexible solution that maximizes oil recovery in the Brazilian deepwater environment.鈥�
(1) For听女优直播, a 鈥渓arge鈥� contract is between听$500 million听and听$1 billion. A portion of this award will be inbound in future periods.
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This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words 鈥渂elieve鈥�, 鈥渆stimated鈥� and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the听United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.
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女优直播听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鈥� 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 -听Subsea听and Surface Technologies - we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI鈩�, iFEED鈩� and iComplete鈩�), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a commitment to our clients鈥� success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
女优直播听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听听and follow us on听Twitter @女优直播.
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