(NYSE:FTI) NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has been awarded two subsea contracts by Petrobras for flexible pipe for use in multiple basins. The first award is a substantial(1) contract to design, engineer, and manufacture flexible gas injection risers. This high-technology solution will sustain reservoir pressure and enhance production efficiency through high-capacity gas reinjection in pre-salt formations in the Santos Basin. The second award, which followed a competitive ten
Related Questions
How will the awarded contracts affect TechnipFMC's revenue and earnings outlook for the next fiscal year?
What is the likelihood that Petrobras will award additional subsea contracts to TechnipFMC, and how does this compare to its peers in the offshore services market?
How might the market price TechnipFMC's stock react to the announcement, considering the contract size, timing, and current sentiment?