TechnipFMC Chief Executive Officer Doug Pferdehirt has highlighted the company’s exceptional record of securing every subsea production system contract awarded by ExxonMobil in Guyana since 2017.
Speaking on the company’s third-quarter 2025 earnings results announced on Wednesday, Pferdehirt said that TechnipFMC’s latest substantial contract for the Hammerhead project marked its seventh award from ExxonMobil in Guyana’s Stabroek Block. “TechnipFMC has been awarded all of the operator’s subsea production systems in Guyana since the first award in 2017,” he said.
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The Hammerhead contract covers the supply of subsea production systems, including project management, engineering, and manufacturing. The systems will support both production and water injection, featuring products from TechnipFMC’s Subsea 2.0® platform, such as subsea trees, manifolds and associated controls.
Pferdehirt said the company’s partnership with ExxonMobil in Guyana continues to strengthen its global subsea portfolio. “Subsea achieved quarterly orders of US$2.4 billion, driven by continued strength in South America,” he said. “Inbound comprised multiple awards for flexible pipe and subsea production systems. This included our seventh award from ExxonMobil in Guyana, the Hammerhead project.”
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He noted that commercial success in South America is a key driver behind the company’s robust outlook. “Our commercial success year-to-date reinforces our confidence in delivering more than US$10 billion of Subsea orders in 2025,” Pferdehirt said.
Pferdehirt also pointed to the long-term potential of offshore development. “We believe that offshore projects will continue to receive an increasing share of capital investment.”
He added that innovations such as the company’s pre-engineered, configure-to-order Subsea 2.0® product platform and fully integrated iEPCI™ execution model provide customers with greater schedule certainty in project execution.
He noted that strong economics and greater project certainty were “providing sustainability to current activity levels”, giving the company confidence that subsea activity will remain strong through the end of the decade.
