TechnipFMC Awarded $250M-$500M Contract By Petrobras For Flexible Pipe Supply For Pre-Salt Fields Offshore Brazil; Contract Includes Design, Engineering, And Manufacture For Water Injection And Gas Lift; Recognized In Q2 2024 Inbound Orders
Portfolio Pulse from Benzinga Newsdesk
TechnipFMC has been awarded a contract valued between $250M and $500M by Petrobras for the supply of flexible pipes for pre-salt fields offshore Brazil. The contract includes design, engineering, and manufacturing for water injection and gas lift, and will be recognized in Q2 2024 inbound orders.
July 23, 2024 | 8:31 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
TechnipFMC has secured a significant contract from Petrobras valued between $250M and $500M for the supply of flexible pipes for pre-salt fields offshore Brazil. This contract will be recognized in Q2 2024 inbound orders.
The contract from Petrobras is a substantial addition to TechnipFMC's order book, valued between $250M and $500M. This will positively impact the company's revenue and order backlog, particularly as it will be recognized in Q2 2024 inbound orders. The news is highly relevant and important for investors as it signifies a strong business relationship and future revenue stream.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100