TechnipFMC-Tracerco Ink a Deal to Deliver Profiler Technology

TechnipFMC plc FTI has awarded a contract to Tracerco, an industrial technology company, for delivering its Profiler measurement and control solutions technology to be installed for Petróleo Brasileiro S.A. – Petrobras’ PBR Mero 3 High-Pressure Separator (HISEP) pilot project in Brazil.In January 2024, TechnipFMC, currently carrying a Zacks Rank #3 (Hold), originally won an integrated engineering, procurement, construction and installation (iEPCI) contract worth about $1 billion with Petrobras to deliver the HISEP process that will separate carbon dioxide-rich dense gases and then inject them into the reservoir. The contract was one of its kind as it demonstrated FTI’s leadership in providing subsea processing, technology innovation and integrated solutions to its business partners. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.An Overview of PBR’s Mero3 ProjectPBR’s HISEP project is part of Mero field development, located 180 kilometers off Rio de Janeiro in the Brazilian pre-salt oil region. The field contains an optimum mix of oil and CO2 gas, requiring an HISEP instrument to be installed that can separate the oil from CO2 and reinject the gas into the reservoir for sustainability.The oil-rich field is operated by Petrobras, which holds a 38.6% interest. Other partners, such as Shell Brasil and TotalEnergies, hold 19.3% interest each; CNPC and CNOOC hold 9.65% each; and Pré-Sal Petróleo holds 3.5% interest.An Overview of the Tracero’s Profiler TechnologyThe HISEP project focuses on separating oil and CO2-rich gas, and reinjecting the gas into the reservoir to reduce the intensity of greenhouse gas emissions.Tracero has reengineered its Profiler technology to be used in the HISEP project to operate efficiently in the subsea environment. The instrument is highly efficient in providing real-time and high-resolution measurements of water, oil, and gas phases, which helps in optimizing throughput, and reducing chemical usage and maintenance requirements.The instrument is the only subsea-qualified separator and process control measurement system that can help in separation at the liquid level or oil/water interface level. Tracero has already installed about 750 units globally, each customized according to the user specifications.Benefits of the DealThe deal has ensured Tracero’s global presence as it works with TechnipFMC to deliver its tailored subsea technology in Brazil. Tracero looks forward to not only working in the Brazilian energy industry but also expanding its operations in the northeast of England.The contract is all set to create a local economic impact by creating up to 10 new jobs. The HISEP project will also deliver sustainable benefits that will help build a better future.Key PicksInvestors interested in the energy sector might look at some better-ranked stocks like ARC Resources Ltd. AETUFand Gulfport Energy Corporation GPOR.Calgary, Canada-based ARC Resources is engaged in the exploration, acquisition and development of oil and natural gas properties. AETUF’s expected EPS growth rate for next year is 50.78%, which aligns favorably with the industry growth rate of 10.50%.Gulfport Energy is an independent natural gas and oil company focused on the exploration and development of natural gas and oil properties in North America. The Zacks Consensus Estimate for GPOR’s 2024 earnings indicates 108.53% year-over-year growth.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Petroleo Brasileiro S.A.- Petrobras (PBR): Free Stock Analysis Report TechnipFMC plc (FTI): Free Stock Analysis Report Gulfport Energy Corporation (GPOR): Free Stock Analysis Report Arc Resources Ltd. (AETUF): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks