TechnipFMC awarded substantial subsea contract from Shell

TechnipFMC (FTI) has been awarded a substantial contract by Shell (SHEL) Nigeria Exploration and Production Company Limited to supply Subsea 2.0 production systems for the Bonga North development in Nigeria. The contract covers the design and manufacture of subsea tree systems, manifolds, jumpers, controls, and services. Jonathan Landes, President, Subsea at TechnipFMC, commented: “Shell was the first to adopt our Subsea 2.0 configure-to-order solution, and continues to deploy it across multiple basins-underscoring its commitment to the technology globally. This award further positions us for future deepwater opportunities in the region.” For TechnipFMC, a “substantial” contract is between $250M and $500M. This award will be included in inbound orders in the fourth quarter of 2024.