Sunday, June 26, 2022

TechnipFMC bags new contract with Equinor for subsea work offshore Norway

Must Read

OilNOW
OilNOW is an online-based Information and Resource Centre

TechnipFMC (NYSE: FTI) has been awarded a significant engineering, procurement, construction, and installation (EPCI) contract by Equinor for subsea tiebacks for the Halten East development on the Norwegian Continental Shelf.

For TechnipFMC, a “significant” contract is between $75million and $250million.

The contract covers the manufacture and installation of flowlines and the installation of umbilicals and subsea structures. The development of Halten East consists of the Gamma, Harepus, Flyndretind, Nona, Sigrid and Natalia discoveries. Halten East is a subsea development tied back to the existing infrastructure on the Åsgard field.

TechnipFMC bags new contract for Exxon’s US$10B Yellowtail project

Jonathan Landes, President, Subsea at TechnipFMC, commented: “We are proud that we can help our longstanding partner Equinor and its consortium partners transform the economics of this project by optimizing design, engineering, manufacturing, and installation.”

The award is the latest call-off on a subsea umbilicals, risers, and flowlines (SURF) framework agreement between the two companies. The contract is subject to government approval of the plan for development and operation.

TechnipFMC developing pool of local companies to work by its side in Guyana

In Guyana, TechnipFMC has been awarded contracts by ExxonMobil for the production of the subsea systems for the Liza Phase 1 and 2 projects as well as the Payara and Yellowtail Developments.

spot_img

Latest News

Tom Mitro failed to prove Guyana losing big on cost oil deductions

By Joel Bhagwandin - OilNOW I am tired of responding to first world “so called experts” who have their own...

More Articles Like This

spot_img