TechnipFMC rises on contract award from BP

TechnipFMC

17/01/2024 18:11

** U.S.-listed shares of oilfield services provider
TechnipFMC  1T1.F   FTI.N  up 1.3% at $18.90
    ** FTI wins "a significant" contract by BP  BP.L  for its
Argos Southwest Extension project in the Mad Dog field, Gulf of
Mexico
    ** Technip will install pipe and an umbilical, tying back
three new wells to the Argos platform
    ** Co says, for Technip, a "significant" contract is between
$75 mln and $250 mln
    ** FTI down 6% so far this year

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94
 ;))