TechnipFMC (NYSE: FTI) has been awarded a contract valued between $75 million and $250 million to supply flexible flowlines and risers for Azule Energy's Greater PAJ development offshore Angola, according to a company press release.

TechnipFMC will design and manufacture the flexible flowlines and risers to connect wells in water depths approaching 2,000 meters to a new floating production unit.

Jonathan Landes, President of Subsea at TechnipFMC, said: "This award builds on expertise we have developed on large, deepwater projects in the region, including our proven flexible pipe technology. We are proud to be chosen to deliver a technically robust solution on an accelerated timeframe that creates value for our client."

The contract will be included in TechnipFMC's inbound orders for the second quarter of 2026.