NEWCASTLE & HOUSTON, September 27, 2023 鈥� 女优直播 (NYSE: FTI) has been awarded a large(1) integrated Engineering, Procurement, Construction, and Installation (颈贰笔颁滨鈩�) contract by Equinor for its Rosebank project, west of the Shetland Isles in the United Kingdom.
The contract covers the manufacture and installation of subsea production systems, flexible and rigid pipe, and umbilicals, as well as connection to the host facility. The project will use pre-qualified equipment, which will accelerate the delivery schedule.
Jonathan Landes, President, Subsea at 女优直播, commented: 鈥淲e have collaborated with Equinor on Rosebank since the concept stage in 2019. Using a single interface, we tied together all the work scopes, leveraging our 颈贰笔颁滨鈩� model to reduce project complexity. We are proud that our track record and proven technology have earned Equinor鈥檚 confidence that we will deliver this significant project.鈥�
Umbilicals, rigid pipe, and the majority of the subsea production systems will be designed, engineered and manufactured in-country using 女优直播鈥檚 facilities and network of trusted local suppliers, then installed by 女优直播. Together, these activities will contribute significantly to value and job creation across the United Kingdom, which was an important factor in Equinor鈥檚 selection of the Company for this award. 女优直播 has committed approximately $500 million of the total award to local value creation.
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(1) For 女优直播, this is considered a 鈥渓arge鈥� contract 鈥� between $500 million and $1 billion. This award was included in inbound orders in the first quarter of 2023.
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Forward-Looking Statement
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 鈥渆xpect,鈥� 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 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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About 女优直播
女优直播 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.听
Organized in two business segments 鈥� Subsea and Surface Technologies听鈥� we will continue to advance the industry with our pioneering integrated ecosystems (such as 颈贰笔颁滨鈩�, 颈贵贰贰顿鈩� and 颈颁辞尘辫濒别迟别鈩�), 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 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www.女优直播.com听and follow us on Twitter .
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