TechnipFMC PLC Secures Major Subsea Contracts with Petrobras
In a significant development for the energy sector, TechnipFMC plc, a leading provider of oilfield services, has been awarded two substantial subsea contracts by Petrobras. This announcement, made on September 2, 2025, highlights TechnipFMC’s continued prominence in the subsea innovation landscape. The contracts, awarded by Petrobras, involve the design, engineering, and manufacturing of flexible pipes for deployment in Brazil’s Santos and Campos Basins.
The first contract is a major undertaking to develop flexible gas injection risers. These high-technology solutions are designed to sustain reservoir pressure and enhance production efficiency through high-capacity gas reinjection in the pre-salt formations of the Santos Basin. The second contract, secured through a competitive tender, involves the design, engineering, and manufacturing of flexible risers and flowlines for assets in the Campos Basin.
Jonathan Landes, President of Subsea at TechnipFMC, expressed pride in the company’s role in supporting Petrobras’s technically challenging projects. “As Petrobras unlocks Brazil’s energy resources, we are proud to provide technology and expertise that support some of their most technically challenging projects,” Landes stated. “TechnipFMC is a subsea innovation leader and continues to advance flexible technology to support new projects and enhance value for its clients.”
This development underscores TechnipFMC’s strategic positioning in the energy sector, particularly in subsea solutions. With a market capitalization of $15.03 billion and a close price of $37.17 as of August 28, 2025, the company remains a significant player on the New York Stock Exchange. The recent contract awards are expected to bolster TechnipFMC’s financial performance and reinforce its reputation as a leader in energy equipment and services.
TechnipFMC PLC: A Snapshot
- Sector: Energy
- Industry: Energy Equipment & Services
- Primary Exchange: New York Stock Exchange
- Currency: USD
- Close Price (2025-08-28): $37.17
- 52 Weeks High: $37.54 (2025-07-23)
- 52 Weeks Low: $22.115 (2025-04-08)
- Market Cap: $15.03 billion
- Price Earnings Ratio: 17.32
TechnipFMC plc, headquartered in Newcastle Upon Tyne, UK, specializes in providing comprehensive oilfield services globally. The company’s offerings include subsea, surface, onshore, and offshore solutions, catering to a diverse range of customers worldwide. For more information on TechnipFMC’s initiatives and services, visit their website at www.technipfmc.com .
As TechnipFMC continues to expand its footprint in the energy sector, these new contracts with Petrobras are a testament to the company’s innovative capabilities and strategic partnerships. Investors and industry observers will be keenly watching how these developments influence TechnipFMC’s trajectory in the coming months.