However, according to Chairman and CEO Doug Pferdehirt, the company continues to assess nearly $15 billion of large project opportunities, of which around 50% are still likely to move forward over the next 24 months.
“All other projects remain active but potentially extend beyond this timeframe. Over the next 12 months, we believe as much as 20% of these project opportunities are likely to reach FID, and we are well-positioned for many of these opportunities.”
TechnipFMC’s latest results presentation listed various new contracts. In surface technologies, the company is supplying ADNOC with 330 annular safety valves for offshore fields.
Another contract, for Dana Petroleum’s Unity project in the Dutch North Sea, covers provision of wellheads, trees and related services.