Subsea 7 awarded contract offshore Trinidad and Tobago

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Subsea 7 announced the award of a sizeable project by BP for the TOPR project located offshore Trinidad and Tobago, in water depths of up to 280 feet.

The project covers the installation of a 96 kilometres 12-inch pipeline, associated shore approach and diver tie-in spools. Front end engineering and design (FEED) is underway and the EPCI scope is scheduled to begin this month.

Project management and engineering will take place in Subsea 7’s office in Houston, Texas.

Craig Broussard, Vice President for Subsea 7 US, said: “We are honoured to have been selected for the fast-track delivery of the TOPR project and we look forward to continuing our collaborative relationship with BP.”

Source: Subsea7

TechnipFMC Awarded Significant Integrated EPCI Contract by Wintershall Dea

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TechnipFMC has been awarded a significant(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Wintershall Dea Norge AS for its Maria revitalization project.

The project will boost production at the existing Maria field in the Norwegian Continental Shelf. The contract includes subsea trees, spools, jumpers, and flexible pipes.

The revitalization project will tie in an additional lightweight six-slot integrated template structures (ITS). The two existing templates in the Maria field are part of TechnipFMC’s installed base and began production in 2017.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “This iEPCI™ award is built on our ability to leverage our integrated front end engineering and design (iFEED™) model. Through early engagement, we optimized the field layout and maximized the benefits of integrated project execution. Our involvement helped reduce the carbon footprint of the revitalization project by modifying existing infrastructure, eliminating the need for an additional 4,000 meters of pipe.”

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

Source: TechnipFMC

Saipem: awarded two new offshore contracts in Australia and Guyana, for a total amount of 1.1 billion USD

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Saipem has been awarded two new offshore contracts in Australia and Guyana, for a total amount of 1.1 billion USD.

Regarding the first contract, Saipem has received the Notice to Proceed (NTP) from Woodside, as Operator for and on behalf of the Scarborough Joint Venture, for a contract related to the Scarborough project. Saipem will complete the export trunkline coating and installation of the pipeline that will connect the Scarborough gas field with the onshore plant. 

The Scarborough gas resource is located in the Carnarvon Basin, offshore Western Australia, and it will be developed through new offshore facilities connected by an approximately 430 km export trunkline with a 36”/32” diameter to a second LNG train (Pluto Train 2) at the existing Pluto LNG onshore facility. The development will be among the lowest carbon intensity sources of LNG globally. The first cargo is expected to be delivered in 2026.

The work assigned to Saipem is relevant to coating, transportation and installation of the trunkline, at a maximum water depth of 1,400 meters, including the fabrication and installation of the line structures and of the pipeline end termination in 950-meter water depth. Offshore operations are planned to start in mid-2023 and will be mainly conducted by the Castorone vessel.

The Scarborough Joint Venture comprises Woodside Energy Scarborough Pty Ltd (73.5%) and BHP Petroleum (Australia) Pty Ltd (26.5%). Woodside and BHP announced on 22 November 2021 that a final investment decision has been made by the Scarborough Joint Venture to proceed with the Scarborough Project.

The second contract has been assigned to Saipem by Esso Exploration and Production Guyana Limited (EEPGL), a subsidiary of ExxonMobil, for the Yellowtail development project located in the Stabroek block offshore Guyana at a water depth of around 1,800 meters. 

Pending the necessary government authorizations and investment approval, the assignment of the contract allows the start of initial engineering and procurement activities necessary to proceed in accordance with the project program.

The contract relates to the Engineering, Procurement, Construction, and Installation (EPCI) of the Subsea Umbilicals, Risers & Flowlines (SURF). 
Yellowtail is intended to be a greenfield development project encompassing subsea drilling centres, (each equipped with separate oil production, water injection and gas injection wells), linked to a new FPSO (Floating Production Storage and Offloading Unit).

Saipem’s flagship vessel FDS2 will conduct the offshore operations while Saipem’s fabrication facility in Guyana will build the deepwater structural elements. 
Francesco Caio, CEO and General Manager of Saipem, commented: “The award of these contracts represents a significant confirmation of the trust of our clients in Saipem’s ability to execute complex offshore projects worldwide. The Scarborough project will be mainly conducted by the Castorone vessel, our versatile and state-of-the-art asset, representative of the innovative and world-class offer which Saipem is able to provide the market. The recently opened Saipem fabrication facility in Georgetown will be involved in the execution of the Yellowtail project, ensuring a positive and tangible impact on the country”.

Source: Saipem

Aker Solutions has signed an engineering, procurement, construction and integration (EPCI) contract for the integration of a high-voltage electrical boiler package as part of the electrification of Lundin Energy Norway's Edvard Grieg platform.

The electrical boilers will replace the gas turbines which generates heat on the platform today, making Edvard Grieg a fully electrified platform. All heating and power needed for the platform will come from electrical power from shore by 2022. This accounts for an annual emission reduction of around 200,000 metric tons of CO2.

"We look forward to working with Lundin to fully electrify the Edvard Grieg platform," said Linda Litlekalsøy Aase, executive vice president, brownfield projects, at Aker Solutions.

The work starts immediately and will involve more than 50 employees at Aker Solutions' facilities in Fornebu, Stavanger and Egersund, Norway.

Aker Solutions has previously provided engineering work for the Edvard Grieg development.

The Edvard Grieg field is located in the Utsira High area of the North Sea, about 180 kilometers west of Stavanger, Norway.

Source: Aker Solutions

Aker Solutions Wins Electrification Work for Lundin Energy Norway

Technip-Petropipe

TechnipFMC wins Subsea EPCI for the Libra Consortium’s Mero 2 Project, operated by Petrobras in Brazil

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TechnipFMC has been awarded a large(1) contract for Engineering, Procurement, Construction and Installation (EPCI) through a competitive contracting process, by Petrobras, the leader, and operator of the Libra Consortium, which was formed by Petrobras, Shell Brasil, Total, CNPC, CNOOC Limited and Pré-sal Petróleo SA (PPSA), for the pre-salt Mero field, located in the Santos Basin (Brazil) at 2,100 meters deep.

The contract covers engineering, procurement, construction, installation and pre-commissioning of the infield rigid riser and flowlines for production, including the water alternate gas wells. It also comprises the installation and pre-commissioning of service flexible lines and steel tube umbilicals, as well as towing and hook up of the FPSO(2).

The Company will leverage synergies with the Mero 1 project Subsea EPCI, utilizing in-house rigid and flexible lay vessels and its significant local footprint in Brazil, including a spoolbase, logistics base and engineering capabilities. The offshore campaign is scheduled to start in 2022.

Arnaud Pieton, President Subsea at TechnipFMC, commented: “We are delighted to have been awarded another EPCI contract by the Libra Consortium, which reinforces the long-standing relationship between Petrobras and TechnipFMC. By executing and delivering this new flagship project, we are looking forward to supporting Petrobras’s ambition in the pre-salt region and contributing to the development of Brazil.”

  1. For TechnipFMC, a “large” contract ranges between $500 million and $1 billion.
  2. FPSO: Floating Production Storage and Offloading unit

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Forward-Looking Statement

This release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words “believe”, “estimated” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.

Source: TechnipFMC

Petropipe

Saipem awarded a contract for the Búzios pre-salt field in Brazil worth approximately 325 million USD

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Saipem has been awarded a contract by Petrobras for the installation of a rigid riser-based subsea system to serve the Búzios pre-salt project, in water depths from 1537 to 2190 meters, offshore the state of Rio de Janeiro.

The Búzios-5 overall production system foresees the interconnection of 15 wells to the FPSO in two phases. The project awarded to Saipem includes the Engineering, Procurement, Construction and Installation (EPCI) of the Steel Lazy Wave Risers (SLWR) and associated flowlines between all wells and the FPSO. In particular, the scope of work includes five production and five injection risers and flowlines for a total length of 59 km, a 16 km-long gas export line to be connected to an existing pipeline, 11 rigid jumpers and 21 foundation subsea structures (risers and PLETs).

Saipem will use FDS, its state-of-the-art field development ship, for all the subsea works.

“Búzios is one of the world’s largest deepwater oil fields and it is very important for Saipem to contribute to such a significant project for Brazil, a country in which we have a long-established presence and track record of successfully-executed projects.” commented Francesco Racheli, Chief Operating Officer of Saipem’s E&C Offshore Division. “This new acquisition efficiently combines in-house capabilities and appropriate assets to carry out this ambitious endeavour and reinforces our reputation as a global provider of valuable solutions in a country offering great opportunities. We look forward to working alongside Petrobras to further develop Brazil’s resources and ensure the safe and timely achievement of the field’s full production output”.

Source: Saipem