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Stock impact report

TechnipFMC Awarded Substantial iEPCI™ Contract for Eni's Maha Project in Indonesia [Yahoo! Finance]

ENI S.p.A. (E) 
US:NYSE Investor Relations: eni.com/en_it/investors.page
Company Research Source: Yahoo! Finance
Engineering, Procurement, Construction, and Installation (iEPCI TM ) contract by Eni SpA (ENI.MI) for the deepwater Maha project offshore Indonesia. The project represents Eni's first deployment of TechnipFMC's Subsea 2.0 ® configure-to-order (CTO) technology in Indonesia. The award leverages experience gained through a series of successful projects with Eni in the region, including Jangkrik and Merakes, and will tie back to the existing Jangkrik Floating Production Unit. Jonathan Landes, President, Subsea at TechnipFMC, commented: "This project marks another collaboration with a leading energy company to use our integrated execution model, enhanced by the benefits of our configurable product platform. The Maha development provides a significant opportunity to strengthen our relationship with Eni and deliver greater timeline certainty through the application of Subsea 2.0 ® technologies and integrated delivery." TechnipFMC will design and manufacture Subsea 2.0 ® tree systems, f Show less Read more
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