TechnipFMC Awarded Significant Contract by Woodside for Julimar Phase 3 Development

[escveritas]

NEWCASTLE & HOUSTON, June 14, 2023 — TechnipFMC (NYSE: FTI) has been awarded a significant(1) contract by Woodside Energy(2) (LON: WDS) to engineer, procure, construct, and install flexible pipes and umbilicals for the Julimar Phase 3 development, offshore Western Australia.

The Company will tie back four subsea gas wells in the Carnarvon Basin to the existing Julimar subsea infrastructure producing to the Wheatstone platform, using high pressure, high temperature (HPHT) flexible pipe and steel tube umbilicals.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “We have a strong history of solid project execution with Woodside as demonstrated by the successful delivery of the Pyxis, Lambert Deep, and Greater Western Flank Phase 3 projects. We look forward to continuing this collaborative relationship with this award on Julimar Phase 3 as part of our framework agreement.”

(1) For TechnipFMC, a “significant” contract is between $75 million and $250 million. This award will be included in inbound orders in the second quarter of 2023.
(2) Woodside Energy Julimar Pty Ltd (Woodside Energy) is operator on behalf of the Julimar joint venture participants. The participants are Woodside Energy (65%) and KUFPEC Australia (Julimar) Pty Ltd (35%).