London-based company TechnipFMC has confirmed the award of a contract worth more than $1 billion to provide the full subsea production system for the Equinor-operated BM-C-33 pre-salt project in the Campos basin offshore Brazil.

Norway’s Equinor earlier this week made a final investment decision on BM-C-33, home of the Pao de Acucar, Gavea and Seat discoveries, which together are estimated to hold over 1 billion barrels of oil equivalent in recoverable volumes.