TechnipFMC awarded large subsea contract for ExxonMobil Guyana’s Uaru project

TechnipFMC (FTI) has been awarded a large contract by ExxonMobil Corporation (XOM) affiliate, Esso Exploration and Production Guyana Limited, to supply the subsea production system for the Uaru project. TechnipFMC will provide project management, engineering, and manufacturing to deliver the overall subsea production system. The award covers 44 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment. For TechnipFMC, a "large" contract is between $500M and $1B.