TechnipFMC Enters into Memorandum of Agreement (MOA) to Sell the G1201 Subsea Vessel

TechnipFMC (NYSE: FTI) (PARIS: FTI) (ISIN: GB00BDSFG982) yesterday announced its intent to sell the G1201 vessel as part of its overall strategy to optimize the profile and size of its subsea fleet. Following the recent announcement of the Company’s alliance agreement with a best in class partner for pipeline installation using S-lay technology, this supports the Company’s intent to use collaboration agreements, where possible, to execute…