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XOM Exxon Mobil Corp

121.04
-0.01 (-0.01%)
Pre Market
Last Updated: 12:17:08
Delayed by 15 minutes
Share Name Share Symbol Market Type
Exxon Mobil Corp NYSE:XOM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.01 -0.01% 121.04 1,398 12:17:08

TechnipFMC Wins Subsea Contract From Exxon Mobil Subsidiary in Guyana

01/10/2020 6:59am

Dow Jones News


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By Olivia Bugault

 

TechnipFMC PLC said Thursday that it has won a contract from Exxon Mobil Corp. subsidiary Esso Exploration and Production Guyana Ltd. for the subsea system of a project in Guyana.

Under the contract--which is worth between $500 million and $1 billion--the company will manufacture and deliver the subsea system for the proposed Payara project, TechnipFMC said. It includes "41 enhanced vertical deep water trees and associated tooling, six flexible risers and ten manifolds along with associated controls and tie-in equipment," the oil-and-gas sector company said.

Payara is the second oil discovery in the Stabroek Block which is located roughly 193 kilometers offshore Guyana, TechnipFMC said.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

October 01, 2020 01:44 ET (05:44 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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