TechnipFMC Awarded the Bapco Sitra Refinery Expansion in Bahrain

LONDON & PARIS & HOUSTON–(BUSINESS WIRE)–TechnipFMC (Paris:FTI) (NYSE:FTI) (ISIN:GB00BDSFG982) announced today
that, jointly with Samsung Engineering and Tecnicas Reunidas, it has
been awarded a $ 4.2 billion USD contract from Bahrain Petroleum Company
(Bapco) for the Bapco Modernization Program (BMP). The project is
located on Bahrain’s Eastern coast and entails the expansion of the
capacity of the existing Sitra oil refinery from 267,000 up to 360,000
barrels per day (BPD), improve energy efficiency, valorization of the
heavy part of the crude oil barrel (bottom of the barrel), enhancing
products slate and meeting environmental compliance.

The project will be executed on engineering, procurement, construction
and commissioning (EPCC) lump sum turnkey basis and is slated for
completion in 2022. It includes the following main units: Residue
Hydrocracking Unit, Hydrocracker Unit, Hydro Desulfurization Unit, Crude
Distillation Unit, Vacuum Distillation Unit, Saturated Gas Plant,
Hydrogen Production Unit, Hydrogen Recovery Unit, Sulphur Recovery Unit
, Tail Gas Treatment Unit, Sour Water Stripper Unit, Amine Recovery
Unit, Bulk Acid Gas Removal Unit, Sulphur Solidification Unit and
Sulphur Handling Facilities. Utilities and offsites are also part of the
scope.

The BMP project will capitalize on the vast experience of the joint
venture partners in Bahrain as well as in the Region.

Nello Uccelletti, President of TechnipFMC’s Onshore Offshore business
stated: “We are honored to be the leader of this joint venture
entrusted for the execution of this prestigious contract that represent
a testimonial of the long-term partnership with Bapco and strengthen our
leadership in the refining sector. This award is one of the strategic
“early engagement” achievement, following the successful completion by
TechnipFMC of the FEED contract.”

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,” “aimed” 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 Bapco’s acceptance of, the various 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 40,000 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.

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