TechnipFMC Secures Large iEPCI Contract From Equinor For Rosebank Project, West Of The Shetland Isles In The UK; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
TechnipFMC has secured a large iEPCI contract from Equinor for the Rosebank Project, west of the Shetland Isles in the UK. The contract is valued between $500 million and $1 billion and was included in inbound orders in the first quarter of 2023.
September 27, 2023 | 8:22 pm
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POSITIVE IMPACT
Equinor's partnership with TechnipFMC for the Rosebank Project could lead to operational efficiencies and potential cost savings.
By partnering with TechnipFMC, Equinor could potentially achieve operational efficiencies and cost savings in the Rosebank Project. This could positively impact Equinor's financial performance and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
TechnipFMC's large contract win from Equinor could boost its revenues and profitability in the short term.
The contract, valued between $500 million and $1 billion, represents a significant revenue opportunity for TechnipFMC. This could positively impact the company's financial performance and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100