TechnipFMC Awarded Substantial Subsea Contract for Shell's Bonga North Development in Nigeria
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TechnipFMC has secured a substantial contract from Shell Nigeria for the Bonga North development, involving the supply of Subsea 2.0® production systems.
December 17, 2024 | 9:30 pm
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TechnipFMC has been awarded a significant contract by Shell Nigeria for the Bonga North development, which involves supplying Subsea 2.0® production systems.
The contract is substantial, indicating a significant revenue opportunity for TechnipFMC. The adoption of Subsea 2.0® by Shell highlights the product's market acceptance, potentially leading to further business. This positive development is likely to boost investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90