TechnipFMC Awarded Integrated EPCI (iEPCI™) Contract for the Energean Karish Field

LONDON & PARIS & HOUSTON–(BUSINESS WIRE)–TechnipFMC (Paris:FTI) (NYSE:FTI) has been awarded an iEPCI™ (integrated
Engineering, Procurement, Construction and Installation) contract by
Energean Oil & Gas for the Karish full field development, located
offshore Israel at a water depth of 1,750 meters. This award extends our
iEPCI™ offering from seabed to offshore producing facility.

The execution of this iEPCI™ contract covers the design, procurement,
construction and installation of the complete subsea system, a Floating
Production Storage and Offloading unit (FPSO) designed to allow the
subsequent tie-back of the Tanin field, the pipeline system, and the
onshore pipeline and valve station at the receiving station.

Hallvard Hasselknippe, President of TechnipFMC’s Subsea business,
stated: “This award demonstrates our leadership position in iEPCI™.
It also highlights our unique ability to combine a fully integrated
field development encompassing both the entire subsea and FPSO scope.
Our strong value proposition builds on early involvement and integrated
solutions. By simplifying subsea field architecture, we help our clients
significantly improve their project economics. We are honored
that Energean Oil & Gas has embraced this new way of doing business,
engaging with us early through an integrated FEED (iFEED™) study
and directly awarding the full project scope through an integrated EPCI
(iEPCI™) model.”

Important Information for Investors and Securityholders

Forward-Looking Statement

This release contains "forward-looking statements" as defined in Section
27A of the United States Securities Act of 1933, as amended, and Section
21E of the United States Securities Exchange Act of 1934, as amended.
The words “scheduled,” “estimated” and other similar expressions are
intended to identify forward-looking statements, which are generally not
historical in nature. Such forward-looking statements involve
significant risks, uncertainties and assumptions that could cause actual
results to differ materially from our historical experience and our
present expectations or projections. Known material factors that could
cause our actual results to differ from those in the forward-looking
statements include the Company's ability to successfully deliver, and
Energean Oil & Gas’ acceptance of, the various iEPCI™products
ordered. For additional information regarding known material factors
that could cause actual results to differ from projected results,
please see our risk factors set forth in our filings with the United
States Securities and Exchange Commission, which include our
Registration Statement on Form S-4, Annual Reports on Form 10-K,
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

We caution you not to place undue reliance on any forward-looking
statements, which speak only as of the date hereof. We undertake no
obligation to publicly update or revise any of our forward-looking
statements after the date they are made, whether as a result of new
information, future events or otherwise, except to the extent required
by law.

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
Twitter @TechnipFMC.

Contacts

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