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TechnipFMC Awarded Major iEPCI™ Contract for Shell's Gato do Mato Development Offshore Brazil

1. TechnipFMC awarded iEPCI contract by Shell for Gato do Mato project. 2. Project aims to accelerate offshore oil production in Brazil.

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$30.3903/25 04:32 PM EDTEvent Start
$30.7803/26 10:57 PM EDTLatest Updated
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FAQ

Why Very Bullish?

Winning a significant contract often leads to increased revenue, potentially boosting FTI’s stock. Historical precedents show that similar contract wins have resulted in positive price movements.

How important is it?

The awarded contract represents a significant opportunity for TechnipFMC, indicating strong business momentum and market confidence. Such contracts can significantly influence investor sentiment and stock valuation.

Why Long Term?

The contract will lead to increased revenue streams over several years, impacting FTI's financial performance in the long run. Past contracts have historically influenced sustained growth.

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SHLLSLBNOV
NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has been awarded a major(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Shell for its Gato do Mato greenfield development offshore Brazil. In addition to integrated execution, the project will utilize Subsea 2.0® configure-to-order (CTO) subsea production systems. Combining both offerings will enable streamlined project management through a single interface and accelerate time to first oil.

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