05:24 PM EDT, 04/15/2024 (MT Newswires) -- TechnipFMC ( FTI ) will supply subsea production systems to Exxon Mobil ( XOM ) affiliate ExxonMobil Guyana for the Whiptail project in the Stabroek block now under development offshore Guyana, the oilfield services company saidvMonday.

Under the contract, TechnipFMC ( FTI ) will deliver 48 subsea trees and associated tooling to the Whiptail project. It also is contracted for 12 manifolds and associated controls and tie-in equipment.

TechnipFMC ( FTI ) did not provide specific financial details but has categorized it as a "large contract" that are valued between $500 million to $1 billion. The company has worked with ExxonMobil Guyana since 2017, it said.

TechnipFMC ( FTI ) shares were 1.6% down in regular session Monday and fractionally down in extended hours. ExxonMobil ( XOM ) shares were lower fractionally.