TechnipFMC Awarded Contract for the Statoil Snorre Expansion Project in the North Sea

 has been awarded an Engineering, Procurement & Construction (EPC) contract by Statoil for the Snorre Expansion Project.

The Snorre Expansion contract covers the delivery of subsea production systems and includes 6 subsea templates and subsea production equipment. Snorre is located in the Tampen area of the North Sea and has been producing oil and gas since August 1992.

Hallvard Hasselknippe, President Subsea Projects at TechnipFMC, commented: “TechnipFMC has delivered subsea equipment to Snorre since the field started production. We are happy to continue supporting Statoil on the Snorre field, extending the production for another 20 years.”

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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 words “scheduled,” “estimated” and other 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 Statoil’s acceptance of, the subsea products ordered. For additional information regarding known material factors that could cause actual results to differ from projected results, please see 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.

Source: TechnipFMC
Date: Dec 21, 2017