TechnipFMC wins integrated subsea contract for Petronas project
TechnipFMC ($FTI) won an integrated engineering, procurement, construction and installation contract for Petronas’ Limbayong development in Malaysia. The scope covers the project’s subsea production system, using the company’s Subsea 2.0 architecture and integrated delivery model. TechnipFMC classified the award as significant, which it defines as a value between $75 million and $250 million. The exact contract price was not disclosed, so the upper end of that range should not be reported as con
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