Petrobras lets presalt pipe contract to TechnipFMC

Petrobras has let a flexible pipe contract to TechnipFMC for presalt fields offshore Brazil.

The contract follows completion of a tender and covers the design, engineering, and manufacture of flexible pipe for water injection and gas lift. The contract award is valued by the service provider at $250-500 million and was included in inbound orders in second-quarter 2024.