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
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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.
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