TechnipFMC awarded flexible pipe contract by Petrobras

TechnipFMC has been awarded a substantial contract by Petrobras to supply flexible pipe for the pre-salt fields offshore Brazil, following completion of a tender. The contract covers the design, engineering, and manufacture of flexible pipe for water injection and gas lift. For TechnipFMC, a “substantial” contract is between $250 million and $500 million. This award was included in inbound orders in the second quarter of 2024.