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TechnipFMC Signs a Surface Technologies Frame Agreement with Chevron

November 14, 2018

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Nov 14, 2018--TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) has signed a Surface Technologies Frame Agreement with Chevron.

This 5-year agreement covers the exclusive supply of surface wellhead equipment and service in the United States and Canada.

Richard Alabaster, President of TechnipFMC’s Surface Technologies business, commented: “We are very pleased to extend our partnership with Chevron and to support their development program in North America. We believe that this reflects the strong collaboration we have developed with this major shale operator, based on the demonstrated value of our integrated drilling and completion offering.”

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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 “believe”, “estimated” 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.

For 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 Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.

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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 37,000 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.

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KEYWORD: UNITED KINGDOM UNITED STATES EUROPE NORTH AMERICA FRANCE TEXAS

INDUSTRY KEYWORD: ENERGY OIL/GAS OTHER ENERGY NATURAL RESOURCES MINING/MINERALS

SOURCE: TechnipFMC

Copyright Business Wire 2018.

PUB: 11/14/2018 01:00 AM/DISC: 11/14/2018 01:00 AM

http://www.businesswire.com/news/home/20181113006205/en

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