Petrobras seeks an increase in oil recovery from the post-salt fields offshore Brazil. Credit: Bruno Covas/ Flickr.

TechnipFMC has signed three frame agreements to deliver flexible pipelines for Brazilian firm Petrobras’ brownfield developments.

The three frame agreements form a ‘large’ contract for TechnipFMC. The company describes a large contract as one that ‘is valued between $500m and $1bn’.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

TechnipFMC will produce more than 500km of flexible pipe over the next four years.

The new contract has increased the company’s ordered volumes in the current year with Petrobras to approximately 600km.

Petrobras signed the agreements as part of its efforts to increase oil recovery, primarily from post-salt fields offshore Brazil.

TechnipFMC Subsea president Jonathan Landes said: “Petrobras is a longstanding partner of ours. Through collaboration and leveraging our expertise to engineer, design, and manufacture solutions specifically for this environment, we successfully delivered a flexible solution that maximises oil recovery in the Brazilian deepwater environment.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Headquartered in the US, TechnipFMC offers technology services to traditional and new energy industries.

The company recently secured a contract worth more than $1bn to provide wellheads, trees and associated services to the Abu Dhabi National Oil Company (ADNOC).

The contract was won through the gulf automation services and oilfield supplies.

In October, TechnipFMC and Talos Energy formed a carbon capture and storage (CCS) alliance.

The partnership will work to facilitate the implementation of offshore CCS with reliable systems to reduce the global carbon footprint.