Market Overview

TechnipFMC Wins a Large Contract for Vietnam's Largest Olefins Plant


TechnipFMC (Paris:FTI) (NYSE:FTI) (ISIN:GB00BDSFG982) has been awarded
by Long Son Petrochemicals Co., Ltd. (LSP), a large(1)
contract for the licensing, engineering, procurement, construction,
commissioning and start-up of Vietnam's first olefins(2)
plant on Long Son Island, Ba Ria-Vung Tau province, Vietnam.

Designed as a flexible feed cracker, the olefins plant can utilize both
naphtha and LPG(3) feeds to produce olefins of up to 1.6
million tons per year depending on the feedstock mix. The olefins will
help meet Vietnam's rising demand for petrochemical products. The plant
will also include proprietary licensed units(4) and will be
based on TechnipFMC's proprietary ethylene technology(5).

TechnipFMC is executing the project in a consortium with SK Engineering
& Construction Co., Ltd. of South Korea. TechnipFMC is the leader of the
consortium and, as a global company, will execute all engineering, as
well as the procurement of critical equipment from its operating centers
located in Houston, USA, Rome, Italy and Kuala Lumpur, Malaysia.

Nello Uccelletti, President of TechnipFMC's Onshore/Offshore business,
commented: "Our reliable proprietary ethylene technology and proven
engineering, procurement and construction capabilities were key factors
in this important, highly competitive award and confirms our leadership
in this market. TechnipFMC will ensure, with SK Engineering &
Construction, that this ambitious mega project is successfully delivered
on time and on budget, meeting the highest safety and quality standards".

The contract adds on to the remarkable list of TechnipFMC's references
of onshore achievements in Vietnam, in particular the country's very
first oil refinery, the Dung Quất Refinery and the Phu My Fertilizer

(1 )For TechnipFMC, a "large" contract ranges
between $500 million and $1 billion (TechnipFMC share).

of molecules including in particular ethylene and propylene, which
constitutes the raw material allowing for the manufacture of many

(3)LPG: liquefied petroleum gas.
hydrogenation, C4/C5 hydrogenation, pyrolysis gasoline hydrogenation and
butadiene recovery units.

proprietary ethylene technology includes these key components:

  • Ultra Selective Conversion (USC®) furnaces preferred for high
    selectivity and low cost,
  • Heat-Integrated Rectifier System®, preferred for energy efficient
    ethylene recovery


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 "estimated", "aimed", "scheduled" and 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
Long Son Petrochemicals Co., Ltd.'s acceptance of, the 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.



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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