TechnipFMC to Supply a Subsea System in Shell's Bonga North Project
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TechnipFMC (FTI) has secured a contract valued between $250 and $500 million from Shell (SHEL) to design and deliver a subsea production system for the Bonga North deepwater project.
December 23, 2024 | 2:30 pm
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POSITIVE IMPACT
TechnipFMC has secured a significant contract from Shell for the Bonga North project, which could positively impact its revenues and market position.
The contract, valued between $250 and $500 million, is a substantial addition to TechnipFMC's order book, likely enhancing its revenue stream and market perception.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Shell has awarded a contract to TechnipFMC for the Bonga North project, indicating progress in its deepwater operations.
While the contract award shows Shell's commitment to the Bonga North project, the direct financial impact on Shell is less immediate compared to TechnipFMC.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70