TechnipFMC secured a $75‑$250 million contract from Chevron for the Gorgon Stage 3 backfill project, adding the first 7‑inch series of Subsea 2.0 horizontal trees to its product portfolio. The award, announced on December 11, 2025, will see TechnipFMC deliver Subsea 2.0 production systems and flexible jumpers designed to boost production rates and ensure flow assurance for gas applications.
The Gorgon project is one of the world’s largest natural‑gas developments, and Stage 3 is a backfill expansion that will sustain long‑term LNG output for both export and domestic markets. By winning this contract, TechnipFMC reinforces a 20‑year partnership with Chevron and positions itself to capture a larger share of the subsea services market in Australia’s most significant gas field.
TechnipFMC’s recent financial performance underscores the strategic value of the deal. The company reported full‑year 2024 revenue of $9.08 billion, up 16.1 % from 2023, and net income of $842.9 million. In Q3 2025, revenue reached $2.65 billion, a 12.7 % year‑over‑year increase, while net income rose to $309.7 million. A backlog of $14.4 billion at the end of 2024 provides a strong foundation for executing new contracts such as Gorgon Stage 3.
Jonathan Landes, President of Subsea, highlighted the contract’s significance: “Gorgon Stage 3 incorporates our Subsea 2.0 configure‑to‑order platform and our advanced flexible pipe technology. We are proud to continue our 20‑year partnership with Chevron on the Gorgon development through this latest opportunity.” The quote signals confidence in TechnipFMC’s technology and its ability to deliver complex subsea solutions on schedule.
The deployment of the 7‑inch Subsea 2.0 horizontal trees marks a technological milestone for TechnipFMC. The new trees are designed to improve flow assurance and reduce installation time, giving the company a competitive edge in large‑scale offshore projects. The contract’s value range places it among TechnipFMC’s most significant wins, reinforcing the company’s integrated iEPCI model and its focus on high‑margin subsea solutions.
Overall, the Gorgon Stage 3 award strengthens TechnipFMC’s market position, provides a sizable revenue opportunity, and demonstrates the continued demand for its advanced subsea technology in a key LNG development.
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