XOM - Exxon Taps TechnipFMC For Subsea Gear In Guyana's $12.7B Whiptail Project | Benzinga
Yesterday, Exxon Mobil Corporation (NYSE:XOM) awarded a large contract to TechnipFMC (NYSE:FTI) for its Guyana’s Stabroek Block.
As per the terms, TechnipFMC will supply subsea production systems for the Whiptail project.
In particular, TechnipFMC will offer project management, engineering, and manufacturing to deliver 48 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment.
For TechnipFMC, a “large” contract is between $500 million and $1 billion. This award will ...