TechnipFMC Secures Subsea Contract with Shell Nigeria, Enhancing Deepwater Operations

TechnipFMC Strengthens Subsea Capabilities with Shell Nigeria Contract

TechnipFMC plc has secured a significant contract with Shell Nigeria Exploration and Production Company Limited, marking a pivotal development in the company’s subsea operations. Valued between $250 million and $500 million, this contract entails the provision of Subsea 2.0® production systems for the Bonga North development in Nigeria. The agreement will contribute to TechnipFMC's inbound orders in the fourth quarter of 2024, underscoring the company’s robust position in the deepwater project sector. The contract includes the design and manufacture of essential components such as subsea tree systems, manifolds, and jumpers, along with control systems and associated services, indicating a comprehensive approach to subsea engineering.

Jonathan Landes, President of Subsea at TechnipFMC, highlights the strategic significance of this partnership, emphasizing Shell's pioneering role in adopting the Subsea 2.0® configure-to-order solution. Shell's ongoing utilization of this innovative technology across various basins reflects a strong commitment to optimizing subsea production systems. This collaboration not only reinforces TechnipFMC’s existing relationship with Shell but also enhances its capability to deliver cutting-edge solutions tailored to complex deepwater environments. As TechnipFMC continues to navigate the competitive landscape of subsea technologies, this contract positions the company favorably for future projects in the region, signaling confidence in its technological advancements.

Moreover, TechnipFMC is recognized as a leading technology provider across both traditional and new energy sectors. The company is dedicated to optimizing project economics while promoting energy transition and reducing carbon intensity, aligning with global sustainability goals. Through its two primary segments—Subsea and Surface Technologies—TechnipFMC is committed to advancing industry standards via innovative integrated ecosystems, such as iEPCI™, iFEED™, and iComplete™. These initiatives reflect the company’s forward-thinking approach and its readiness to tackle the evolving demands of the energy sector.

In addition to this contract, TechnipFMC's focus on innovation and sustainability aims to enhance its competitive edge in the market. The company’s strategic partnerships and technological advancements position it as a key player in the subsea production landscape, contributing to both economic growth and environmental stewardship. As TechnipFMC moves forward, its commitment to delivering integrated solutions remains a cornerstone of its operational strategy.