TechnipFMC Awarded Substantial Contract From Eni For Deepwater Maha Project Offshore Indonesia; For TechnipFMC, A "Substantial" Contract Is Between $250M And $500M
Benzinga Newsdesk 11 months ago
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TechnipFMC (NYSE: FTI) has been awarded a substantial(1) integrated Engineering, Procurement, Construction, and Installation (iEPCITM) contract by Eni SpA (ENI.MI) for the deepwater Maha project offshore Indonesia. The
TechnipFMC (NYSE: FTI) has been awarded a substantial(1) integrated Engineering, Procurement, Construction, and Installation (iEPCITM) contract by Eni SpA (ENI.MI) for the deepwater Maha project offshore Indonesia. The project represents Eni's first deployment of TechnipFMC's Subsea 2.0® configure-to-order (CTO) technology in Indonesia.
The award leverages experience gained through a series of successful projects with Eni in the region, including Jangkrik and Merakes, and will tie back to the existing Jangkrik Floating Production Unit.