Arun Jayaram
JPMorgan Chase & Co, Research Division

All right. Nice crowd. Welcome to day 2 of our 11th Annual Energy Conference at JPMorgan. Delighted to have TechnipFMC, Doug Pferdehirt, who's the CEO, to present. I think we were discussing last night, FMC has been at all 11 of our conferences. So thank you for your continued support of the conference.

Douglas Pferdehirt
CEO & Executive Chairman

Well, thank you, Arun. Thank you to JPMorgan for having us, and thank you to everybody in the room and those that are attending via the webcast.

Arun Jayaram
JPMorgan Chase & Co, Research Division

Yes. Doug, before we begin, I was wondering if you could just give the generalists in the audience today, just a quick snapshot of the company and what you do within the energy services landscape.

Douglas Pferdehirt
CEO & Executive Chairman

I'll do my best, Arun. It's hard to do it. And in short -- if you really look at the history, I think it'd make a great Netflix miniseries one day. But in the shortest way possible we brought certainty back into offshore projects, which is giving our clients greater and greater confidence in moving forward in FID-ing investments in the offshore.

We're doing this in a period coupled with new technology that we're bringing as well as a new commercial model that we're bringing into the market, which is allowing us to drive down the breakevens offshore while breakevens are increasing in other areas where our clients could be making an investment.

As a result of this, we