TechnipFMC Awarded an Onshore Contract in Ghana

Business Wire 21-Mar-2017 2:00 AM

Leveraging its sustainable presence in country

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)-- TechnipFMC (Paris:FTI) (NYSE:FTI) (ISIN:GB00BDSFG982) has been awarded a contract by ENI Ghana E&P Limited (a subsidiary of ENI, GNPC(1) and Vitol), for the onshore part of the OCTP(2) development of the Sankofa field, offshore Ghana.

Under this contract, TechnipFMC will perform the project management, engineering, supply, construction and commissioning (EPC) for the Onshore Receiving Facilities (ORF) located in Sanzule, which form part of the Gas to Power Plan.

The contract will be mainly executed by the teams of TechnipFMC in Ghana. The project is scheduled for completion by mid-2018.

Nello Uccelletti, President of TechnipFMCs Onshore/Offshore business, commented: We are proud to have been awarded this new contract, which rewards TechnipFMCs long term commitment in Africa and plays a strategic role in the Gas to Power program in Ghana. This success also results from TechnipFMCs sustainable development work in Ghana, in particular our permanent Engineering Center located in Accra.

(1)

Ghana National Petroleum Company

(2)

Offshore Cape Three Points

About TechnipFMC

TechnipFMC is a global leader in subsea, onshore/offshore, and surface projects. With our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our clients project economics.

We are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our clients in developing their oil and gas resources.

Each of our 44,000 employees is driven by a steady commitment to clients and a culture of purposeful innovation, challenging industry conventions, and rethinking how the best results are achieved.

To learn more about us and how we are enhancing the performance of the worlds energy industry, go to TechnipFMC.com and follow us on Twitter @TechnipFMC.

Important Information for Investors and Securityholders

Forward-Looking Statement

This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The word scheduled and similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. Known material factors that could cause our actual results to differ from those in the forward-looking statements include the Company's ability to successfully deliver, and ENIs acceptance of, the onshore products ordered. For additional information regarding known material factors that could cause actual results to differ from projected results, pleasesee our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Registration Statement on Form S-4, Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.

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TechnipFMCInvestor relationsMatt Seinsheimer, +1 281 260 3665Vice President Investor RelationsEmail: Matt SeinsheimerorAurelia Baudey-Vignaud, +33 1 85 67 43 81Senior Manager Investor RelationsEmail: Aurelia Baudey-VignaudorJames Davis, +1 281 260 3665Senior Manager Investor RelationsEmail: James DavisorMedia relationsChristophe Belorgeot, +33 1 47 78 39 92Vice President Corporate CommunicationsEmail: Christophe BelorgeotorLaure Montcel, +33 1 49 01 87 81Senior Manager Public RelationsEmail: Laure MontcelorLisa Adams, +1 281 405 4659Senior Manager Digital CommunicationsEmail: Lisa Adams

Source: TechnipFMC