TechnipFMC has secured a contract to supply more than 20,000 tons of subsea seamless premium carbon‑steel line pipes to Vallourec for the Orca deep‑water development operated by Shell Brasil in the Santos Basin.
The contract follows TechnipFMC’s earlier March 2025 win of an integrated engineering, procurement, construction, and installation (iEPCI) contract with Shell for the same project, valued at over $1 billion. The new pipe supply will support the project’s complex subsea infrastructure, which is expected to begin production in 2029.
Vallourec, a world leader in premium seamless tubular solutions, will provide the pipes and associated coating services, leveraging its recent acquisition of Thermotite do Brasil to enhance its Brazilian offshore capabilities.
The deal reinforces TechnipFMC’s deep‑water strategy. In Q3 2025 the company reported revenue of $2.65 billion and net income of $309.7 million, and it secured $2.4 billion in subsea orders, driven largely by South‑American projects. The new contract adds to a backlog of $16.8 billion and positions the company to deliver over $10 billion in subsea orders in 2025 and a similar amount in 2026.
Management highlighted that the Orca contract strengthens TechnipFMC’s presence in Brazil’s pre‑salt sector and underscores its ability to deliver integrated solutions for complex deep‑water projects. The company also announced an additional $2 billion share‑repurchase authorization, bringing total repurchase authority to $2.3 billion.
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