7/103 sources · 3 publishersUpdated Oct 8, 22:28 UTC
TechnipFMC awarded Petrobras subsea flexible pipe contract
TechnipFMC announced it has been awarded a subsea contract by Petrobras to supply flexible pipe systems for Brazil's pre‑salt offshore fields. The contract value is disclosed as between $75 million and $250 million and will be recorded in the company's inbound orders for the third quarter of 2026. Jonathan Landes, President of Subsea at TechnipFMC, said the award reflects Petrobras' confidence in the company's execution capabilities.
Why it matters
The company expects the contract to be booked in Q3 2026, which should add to its order backlog and support revenue growth, according to the press release.
Key facts
- 1TechnipFMC was awarded a subsea contract by Petrobras for flexible pipe systems. finance.yahoo.com
- 2The contract value is between $75 million and $250 million. finance.yahoo.com
- 3The award was included in inbound orders in the third quarter of 2026. finance.yahoo.com
- 4Jonathan Landes, President, Subsea at TechnipFMC, commented on the award. finance.yahoo.com
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.