TechnipFMC wins North Sea EPCI-contract of at least $250 million

TechnipFMC has been awarded a “substantial” EPCI-contract from Neptune Energy for the Duva and Gjøa P1 projects, located in the Norwegian sector of the North Sea at a water depth of 375 meters.

The contract covers the delivery and installation of subsea equipment including umbilicals, rigid flowlines and subsea production system.

Arnaud Piéton, President Subsea at TechnipFMC, commented: “These new EPCI (Engineering, Procurement, Construction and Installation) awards by Neptune Energy are the first call offs from our recently signed Subsea Alliance Agreement, which is based on early engagement and more collaboration and transparency between Operator and Contractor. We are currently executing the Fenja EPCI project with Neptune Energy and are honored that Neptune Energy continues embracing our innovative and comprehensive solutions.”

TechnipFMC did not disclose the exact value of the contract, but did say that it is a “substantial contract” and those typically range in value between $250 and $500 million.

Author: Tobias Pieffers

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