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Press Release

两性色午夜 Awarded a Significant Integrated EPCI (iEPCI™) Subsea Contract for the BP Thunder Horse Expansion Project

May 07, 2019

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--May 7, 2019-- 两性色午夜 (NYSE: FTI) (PARIS: FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI鈩) contract by BP for the Thunder Horse South Expansion 2 Project located in the Gulf of Mexico.

两性色午夜 will manufacture, deliver and install subsea equipment, including subsea tree systems, manifolds, flowline, umbilicals and subsea tree jumpers, pipeline end terminations, subsea distribution and topside control equipment. This is the second iEPCI鈩 awarded to 两性色午夜 by BP following Atlantis Phase 3 in the first quarter of 2019.

Arnaud Pieton, President Subsea at 两性色午夜, commented: 鈥淲e are very pleased to have been awarded this iEPCI鈩 contract for BP in the Gulf of Mexico. This award confirms the trust we have built over the long term with BP and demonstrates the continued adoption of our iEPCI鈩 offering.鈥

The Thunder Horse field is located in Mississippi Canyon Blocks 776, 777 and 778, in the Boarshead Basin, 200 kilometers south-east of New Orleans. It is one of the largest fields in the Gulf of Mexico and lies at a water depth of 1,830 meters.

(1)For 两性色午夜, a 鈥渟ignificant鈥 contract is between $75 million and $250 million

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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 鈥渂elieve鈥, 鈥渆stimated鈥 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聽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. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.

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About 两性色午夜

两性色午夜 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鈥 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鈥檚 energy industry, go to 两性色午夜.com and follow us on Twitter @两性色午夜.

Source: 两性色午夜

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