TechnipFMC (NYSE and Euronext: FTI) (iSIN:GB00BDSFG982) has been awarded by Zakum Development Company (ZADCO) an Engineering, Procurement and Construction contract (EPC3 project) for a sulfate reduction plant on West Island located offshore Abu Dhabi, United Arab Emirates (UAE).
The objective of the EPC3 project is the installation of a sulfate reduction plant module (SRP) along with new installations and tie-in to existing facilities in West Island. The SRP module incorporates cutting edge water treatment technologies with advanced filtration and nano-filtration systems. These systems are used for water injection into Upper Zakum western areas reservoir tight structure, which requires high quality water with less sulfate content and particle size.
Nello Uccelletti, President of TechnipFMC's Onshore/Offshore business, commented: "We are extremely proud of this award which demonstrates our long standing commitment to ADNOC as well as our sustainable development strategy in line with the UAE vision to maximize national content. This EPC award is one of the strategic "early engagement" achievement, following the successful completion by TechnipFMC of the Concept and FEED studies for the full UZFD* project, including the SRP.
*Upper Zakum Field Development
About TechnipFMC
TechnipFMC is a global leader in subsea, onshore/offshore, and surface projects. With our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our clients' project economics.
We are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our clients in developing their oil and gas resources.
Each of our more than 40,000 employees is driven by a steady commitment to clients and a culture of purposeful innovation, challenging industry conventions, and rethinking how the best results are achieved.
To learn more about us and how we are enhancing the performance of the world's energy industry, go to TechnipFMC.com and follow us on Twitter @TechnipFMC.
Important Information for Investors and Securityholders
Forward-Looking Statement
This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words "scheduled," "estimated," "aimed" and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. Known material factors that could cause our actual results to differ from those in the forward-looking statements include the Company's ability to successfully deliver, and Zadco's acceptance of, the EPC products ordered. For additional information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Registration Statement on Form S-4, Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
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