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TechnipFMC Secures Subsea Contract for the Hammerhead Project
ZACKS· 2025-09-26 16:46
Key Takeaways FTI secured a $250M-$500M subsea contract from ExxonMobil Guyana for the Hammerhead project.The deal leverages TechnipFMC's Subsea 2.0 technology and strengthens its offshore efficiency.This agreement marks FTI's seventh greenfield engagement with ExxonMobil Guyana since 2017.TechnipFMC plc (FTI) has landed a substantial subsea contract from ExxonMobil Guyana, an affiliate of Exxon Mobil Corporation (XOM) , to support the Hammerhead development in Guyana’s Stabroek Block. The contract is consi ...