TechnipFMC awarded major integrated contract for Coral South FLNG project offshore Mozambique

AATechnipFMC (Paris:FTI) (NYSE:FTI) (ISIN:GB00BDSFG982) (NYSE and Euronext: FTI), together with JGC Corporation and Samsung Heavy Industries, all partners in the TJS Consortium where TechnipFMC is leader, has been awarded by CORAL FLNG SA* a major contract. It covers the Engineering, Procurement, Construction, Installation, Commissioning and Start-up (EPCIC) of the Coral South FLNG facility and its associated risers and subsea flowlines system, as well as the installation of the umbilicals and subsea equipment.

The floating liquefied natural gas (FLNG) facility will be designed to produce close to 3.4 Mtpa of liquefied natural gas and will be moored in 2,000 meters of water depth in the Area 4, offshore Mozambique.

Doug Pferdehirt, Chief Executive Officer of TechnipFMC stated: “We are honored to be the leader of the execution of this prestigious contract awarded by Eni and its partners to the TJS consortium. Combining TechnipFMC’s unique capabilities in both FLNG and Subsea, we have been able to propose to our client an optimum combination, demonstrating the strength of our integrated offerings.”

Nello Uccelletti, President of TechnipFMC’s Onshore/Offshore business, commented: “This FLNG award is a key milestone for TechnipFMC and confirms our pioneering and leading position on the floating LNG market.”

*CORAL FLNG SA is a special purpose entity incorporated in Mozambique, owner of the FLNG facility and jointly owned by ENI MOZAMBIQUE LNG HOLDING B.V., CNODC MOZAMBIQUE B.V., ENH FLNG UM, S.A, GALP ENERGIA ROVUMA B.V and KG MOZAMBIQUE LTD.

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