Market Overview

TechnipFMC Awarded Contract for India's Largest Hydrogen Generation Unit by Hindustan Petroleum Corporation Ltd.


TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) has been awarded a
substantial(1) contract by the state-owned Hindustan
Petroleum Corporation Ltd. (HPCL) for a grassroot Hydrogen Generation
Unit (HGU). The project is part of the brownfield expansion for HPCL's
Visakh Refinery Modernization Project located in Visakhapatnam, in the
state of Andhra Pradesh in India.

The contract covers project management, technology licensing,
preparation of basic design and engineering package, as well as detailed
engineering, procurement, construction, commissioning, and performance
guarantee test run on an LEPCC* basis.

This HGU is being installed to cater to the needs of HPCL Visakh
refinery to enhance its refining capacity from 8.33 MMTPA** to 15 MMTPA.
TechnipFMC's scope includes an HGU comprising two trains with a design
capacity of 113 KTPA*** each and a Pressure Swing Adsorption Unit of 36
KTPA hydrogen production.

TechnipFMC advanced the application of its proprietary steam reforming
technology beyond the conventional fired reformer by adding its
TechnipFMC Parallel Reformer (TPR®), a convective, high temperature heat
exchange reformer. This combination reduces overall firing demand by
taking high temperature heat from the effluent of the conventional
reformer to supply heat needed for the TPR. In addition, the design
includes a power generation unit that utilizes excess steam, making the
plant electrically self-sufficient.

Nello Uccelletti, President of the Onshore/Offshore business at
TechnipFMC, commented: "Our proprietary steam reforming and TPR
technologies were key differentiators in this award. By maximizing
energy efficiency, lowering feed consumption, reducing power import and
minimizing emissions, these technologies will enable us to provide HPCL
with a self-sufficient HGU which is one of a kind in the industry

TechnipFMC previously executed two HGUs for HPCL and has a strong
presence in India. The company is a global leader in the design and
supply of hydrogen plants, with more than 270 built worldwide.

*LEPCC – Licensing, Engineering, Procurement, Construction and

**MMTPA – Million Metric Tonnes Per Annum

***KTPA – Kilo Tonnes Per Annum

(1) For TechnipFMC, a "substantial" contract is
ranging from $250 to $500 million.

Note: this inbound order was included in the company's second quarter


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 "scheduled," "estimated," "aimed" 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. Known material factors that
could cause our actual results to differ from those in the
forward-looking statements include the Company's ability to successfully
deliver, and Hindustan Petroleum Corporation Ltd's acceptance of, the
various onshore products ordered. For additional 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 Registration Statement on Form S-4, 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.


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

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 and follow us on
Twitter @TechnipFMC.

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