TechnipFMC (NYSE: FTI) has been awarded a significant contract to supply flexible pipes to Petrobras for the pre-salt fields offshore Brazil.
The Company will design, engineer, and manufacture 14 kilometers of gas injection riser pipes. TechnipFMC will also supply associated services including packing and storage.
Jonathan Landes, President, Subsea at TechnipFMC commented: “We have an established team in place who have earned the trust of Petrobras over many years of collaboration. We are delighted to once again work with a valued client to help them ensure success on their projects.”
Key data points: The growth forecast = 6.6% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in smart oilfield market to 2031 by component (hardware, software, and services), technology (internet of things, artificial intelligence & machine learning, cloud computing, data analytics, and automation & remote monitoring), application (upstream activities, midstream activities, and downstream activities), end use (independent oil & gas operators, national oil companies, international oil companies, service companies, government & regulatory bodies, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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