TechnipFMC has signed three frame agreements to deliver flexible pipelines for Brazilian firm Petrobras’ brownfield developments.
The three frame agreements form a ‘large’ contract for TechnipFMC. The company describes a large contract as one that ‘is valued between $500m and $1bn’.
TechnipFMC will produce more than 500km of flexible pipe over the next four years.
The new contract has increased the company’s ordered volumes in the current year with Petrobras to approximately 600km.
Petrobras signed the agreements as part of its efforts to increase oil recovery, primarily from post-salt fields offshore Brazil.
TechnipFMC Subsea president Jonathan Landes said: “Petrobras is a longstanding partner of ours. Through collaboration and leveraging our expertise to engineer, design, and manufacture solutions specifically for this environment, we successfully delivered a flexible solution that maximises oil recovery in the Brazilian deepwater environment.”
Headquartered in the US, TechnipFMC offers technology services to traditional and new energy industries.
The company recently secured a contract worth more than $1bn to provide wellheads, trees and associated services to the Abu Dhabi National Oil Company (ADNOC).
The contract was won through the gulf automation services and oilfield supplies.
In October, TechnipFMC and Talos Energy formed a carbon capture and storage (CCS) alliance.
The partnership will work to facilitate the implementation of offshore CCS with reliable systems to reduce the global carbon footprint.