TechnipFMC bags TotalEnergies EP Angola contract

Jun. 16, 2022 5:03 PM ETTechnipFMC plc (FTI)By: Mary Christine Joy, SA News Editor1 Comment

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  • TechnipFMC (NYSE:FTI) bagged a TotalEnergies EP Angola contract to supply subsea production systems, the first contract under the companies' new framework agreement covering subsea trees for brownfield developments in Block 17 in Angola.
  • The contract could be between $75M and $250M.
  • TechnipFMC is a technology provider to energy industries.
  • FTI shares were trading +4.06% post-market.
  • Source: Press Release

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