The NEP is building carbon dioxide transportation and storage infrastructure for carbon capture projects in the
This contract(1) covers the supply and installation of an all-electric subsea system, including manifolds, umbilicals, and pipe.
An all-electric system drives simplification of the field design, enabling the reduction of infrastructure and installation time through the removal of hydraulic components and simplified umbilicals. The technology also enables the development of projects over long distances.
The NEP project will leverage
The full contract award will not be included in inbound orders until the project receives final investment decision and government approvals.
Important Information for Investors and Securityholders
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 'expect,' '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, including our assumptions and projections regarding the expected benefits and timing of the awarded contract, please see our risk factors set forth in our filings with the
About
With our proprietary technologies and comprehensive solutions, we are transforming our clients' project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments -
Each of our approximately 21,000 employees is driven by a commitment to our clients' success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
Contact:
Senior Vice President, Investor Relations and Corporate Development
Tel: +1 281 260 3665
Email:
Director, Investor Relations
Tel: +1 281 260 3665
Email:
Media relations
Director, Public Relations
Tel: +1 713 876 7296
Email:
Senior Manager, Public Relations
Tel: +44 7841 492988
Email:
(C) 2024 Electronic News Publishing, source