TechnipFMC Awarded Significant Integrated Engineering, Procurement, Construction, And Installation Contract By Shell For The Dover Development; Contract Between $75M-$250M. This Award Will Be Included In Inbound Orders In Q2 2023
Portfolio Pulse from Happy Mohamed
TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction, and Installation (iEPCI) contract by Shell for its Dover development in the Gulf of Mexico. The contract is valued between $75 million and $250 million and will be included in inbound orders in Q2 2023.
May 25, 2023 | 8:29 pm
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POSITIVE IMPACT
TechnipFMC wins a significant iEPCI contract from Shell for its Dover development, valued between $75M-$250M, boosting its Q2 2023 inbound orders.
The contract win is a positive development for TechnipFMC as it adds significant revenue to its Q2 2023 inbound orders. This will likely have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Shell awards a significant iEPCI contract to TechnipFMC for its Dover development in the Gulf of Mexico, valued between $75M-$250M.
While the contract award is an important step for Shell's Dover development, it is not expected to have a significant short-term impact on the company's stock price, as it is a part of their ongoing operations.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80