TechnipFMC Awarded Significant Contract By Woodside For Julimar Phase 3 Development; Contract Is Between $75M-$250M
Portfolio Pulse from Benzinga Newsdesk
TechnipFMC (NYSE:FTI) has been awarded a significant contract worth between $75M-$250M by Woodside Energy for the Julimar Phase 3 development, offshore Western Australia. The contract includes engineering, procurement, construction, and installation of flexible pipes and umbilicals.
June 16, 2023 | 3:40 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
TechnipFMC has been awarded a significant contract worth between $75M-$250M by Woodside Energy for the Julimar Phase 3 development.
The contract award is significant for TechnipFMC as it is worth between $75M-$250M, which will positively impact the company's revenue and stock price in the short term. The successful delivery of previous projects with Woodside Energy also strengthens their collaborative relationship.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100