TechnipFMC has gone on to secure a contract from Petrobras when it comes to subsea production systems following a bidding process that was pretty competitive.
The award has gone on to be termed by TechnipFMC as significant, which it defines as carrying a value that’s between $75m and $250m.
It is well to be noted that the contract happens to include design and engineering as well as manufacturing when it comes to subsea production systems.
These systems are going to be rolled out throughout the greenfield projects, brownfield expansions, and asset revitalizations in the portfolio of Petrobras.
Apparently, the scope of work also has in it the installation support as well as life-of-field services, having scope for more equipment along with services.
Interestingly, all subsea systems which are deemed to be under contract are going to be made and also maintained in Brazil.
Jonathan Landes, president of TechnipFMC subsea remarked that leveraging their industrialised operating model, they can go on to standardise innovative solutions and at the same time, deliver the schedule certainty which Petrobras anticipates when it comes to its projects. He added that they do look forward to creating fresh value together as they build on their decades-long relationship of being a trusted local partner.
It is worth noting that this contract comes post TechnipFMC went on to secure a prominent contract from Equinor in July 2025 for the Heidrun extension project that’s located in the Norwegian North Sea.
The Heidrun field happens to be situated almost 175km off the coast of mid-Norway at a depth of somewhere around 350m. The fact is that it happens to be known for its floating concrete tension-leg platform, which by the way is regarded as the largest of its kind in the entire world.
In July 2025 itself, Vår Energi also entered into a collaboration with TechnipFMC when it comes to the delivery of subsea projects based in the North Sea, therefore making utmost use of integrated commercial model.
Earlier in September 2025, Petrobras went on to acquire a 27.5% stake in the Block 4 at São Tomé and Príncipe located in Africa.
With this acquisition, Petrobras has gone on to join the consortium which includes Shell, an operator having a 30% stake, Galp which has a stake of 27.5% as well as ANP-STP holding the remainder of 15%.
