TechnipFMC awarded contract for Tortue/Ahmeyim Development FPSO

LONDON & PARIS & HOUSTON–(BUSINESS WIRE)–Regulatory News:

TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded
a front-end engineering design (FEED) contract by BP for the floating
production storage and offloading (FPSO) unit for
the Tortue/Ahmeyim Field Development, a major LNG (liquefied natural
gas) project located offshore on the maritime border of Mauritania and
Senegal.

The agreement between the two companies provides a mechanism to
allow a transition of the contract to an Engineering, Procurement,
Construction and Installation (EPCI) contract at a later stage.

TechnipFMC will work on defining the technology and equipment scope and
brings expertise to deliver major projects, leveraging extensive
experience with Chinese fabrication.

Nello Uccelletti, President of TechnipFMC’s Onshore/Offshore business,
commented: “We are very honored to be awarded this contract in
West Africa which further demonstrates our leading position in offshore
gas monetization. We look forward to collaborating with BP to
unlock the full potential of this important project.”

The initial subsea infrastructure connects the first four wells
consolidated through production pipelines leading to a FPSO vessel. From
here liquids are removed and the export gas is transported via a
pipeline to the floating liquid natural gas (FLNG) hub terminal where
the gas is liquefied.

The Tortue/Ahmeyim Field Development is located in the C-8 block off the
shore of Mauritania and the Saint-Louis Profond block offshore Senegal.
The Tortue discovery was made by Kosmos Energy, which farmed down its
investment to BP in December 2016. BP now has the largest interest
(~60%) among the four partners in the project and is the operator.

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About TechnipFMC

TechnipFMC is a global leader in subsea, onshore/offshore, and surface
projects. With our proprietary technologies and production systems,
integrated expertise, and comprehensive solutions, we are transforming
our clients’ project economics.

We are uniquely positioned to deliver greater efficiency across project
lifecycles from concept to project delivery and beyond. Through
innovative technologies and improved efficiencies, our offering unlocks
new possibilities for our clients in developing their oil and gas
resources.

Each of our more than 37,000 employees is driven by a steady commitment
to clients and a culture of purposeful innovation, challenging industry
conventions, and rethinking how the best results are achieved.

To learn more about us and how we are enhancing the performance of
the world’s energy industry, go to TechnipFMC.com and follow us on
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Contacts

TechnipFMC
Investor relations
Matt Seinsheimer,
+1-281-260-3665
Vice President Investor Relations
Matt
Seinsheimer
or
Phillip Lindsay, +44 203 429 3929
Director
Investor Relations Europe
Phillip
Lindsay
or
Media relations
Christophe
Belorgeot, +33 1 47 78 39 92
Vice President Corporate Communications
Christophe
Belorgeot
or
Delphine Nayral, +33 1 47 78 34 83
Senior
Manager Public Relations
Delphine
Nayral