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TechnipFMC wins contract up to $1B from Vaar Energi for North Sea project (FTI:NYSE)

Jackup Offshore Oil Rig

shaunl/E+ via Getty Images

TechnipFMC (FTI) said post-market Thursday it was awarded a “large” contract from Norway operator Vaar Energi (VARRY) for subsea work on the Ofelia and Gjoa Nord developments in the Norwegian North Sea; TechnipFMC considers a “large” contract in the $500M-$1B range.

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