TechnipFMC plc (NYSE:FTI) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 1.50% to close at $31.86 with the total traded volume of 5.57 Million shares. TechnipFMC (FTI) has been awarded a contract by ENI Ghana E&P Limited, for the onshore part of the OCTP(2) development of the Sankofa field, offshore Ghana. Under this contract, TechnipFMC will perform the project management, engineering, supply, construction and commissioning (EPC) for the Onshore Receiving Facilities (ORF) located in Sanzule, which form part of the Gas to Power Plan.
The contract will be mainly executed by the teams of TechnipFMC in Ghana. The project is slated for completion by mid-2018.NelloUccelletti, President of TechnipFMC’s Onshore/Offshore business, commented: “We are proud to have been awarded this new contract, which rewards TechnipFMC’s long term commitment in Africa and plays a strategic role in the Gas to Power program in Ghana. This success also results from TechnipFMC’s sustainable development work in Ghana, in particular our permanent Engineering Center located in Accra.” Its price to sales ratio ended at 1.70. FTI attains analyst recommendation of 2.60 with week’s performance of 1.56%.