TechnipFMC Awarded Large EPCI Contract by Petrobras for Búzios 6 Field

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TechnipFMC has been awarded a large(1) subsea Engineering, Procurement, Construction and Installation (EPCI) contract by Petrobras for its Búzios 6 field (module 7), a greenfield development in the pre-salt area.

The contract covers flexible and rigid pipe, umbilicals, pipeline end terminals, rigid jumpers, umbilical termination assemblies and a mooring system.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “We are excited to announce this award, which demonstrates the continuing strength of the subsea market in Brazil and our collaborative relationship with Petrobras. We used our deep understanding of the client’s needs to arrive at technological solutions developed specifically for the Buzios 6 field.”

The flexible pipe, umbilicals and subsea structures, as well as some of the rigid pipe, will be manufactured in Brazil using skills and competencies the Company has developed in-country, while minimizing the carbon footprint associated with transportation and installation. The project will also utilize our established and qualified Brazilian supply chain.

(1) For TechnipFMC, a “large” contract is between $500 million and $1 billion.

Source: TechnipFMC

TechnipFMC Awarded Flexible Pipe Frame Agreements by Petrobras in Brazil

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TechnipFMC has been awarded three frame agreements by Petrobras that will reaffirm the Company’s leadership position in Brazil’s flexible pipe market – the industry’s largest and most established market. Altogether, the frame agreements form a large(1) contract for TechnipFMC.

The contracts were awarded as part of Petrobras’s drive to increase oil recovery in its brownfield developments, mainly in post-salt fields offshore Brazil.

The frame agreements cover the manufacture of more than 500 kilometers of flexible pipe over the next four years, as well as services. This brings the Company’s total contracted volumes in the current year with Petrobras to around 600 kilometers.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “Petrobras is a longstanding partner of ours. Through collaboration and leveraging our expertise to engineer, design, and manufacture solutions specifically for this environment, we successfully delivered a flexible solution that maximizes oil recovery in the Brazilian deepwater environment.”

1 For TechnipFMC, a “large” contract is between $500 million and $1 billion.

Source: TechnipFMC

TechnipFMC Awarded Large Subsea Contract for Additional Stabroek Block project

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TechnipFMC has been awarded a large contract by Exxon Mobil Corporation affiliate, Esso Exploration and Production Guyana Limited, to supply the subsea production system for the Yellowtail development.

Subject to government approvals and final project sanction, TechnipFMC will provide project management, engineering, manufacturing and testing capabilities to deliver the overall subsea production system. The scope of the project includes 51 enhanced vertical deepwater trees (EVDT) and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “We are very excited to continue our relationship with ExxonMobil through this award, which is our fourth within the Stabroek block. We are proud of our dedicated Guyanese employees and are committed to the continued development and expansion of local capabilities.”

TechnipFMC currently employs more than 60 Guyanese, and expects to continue to hire and train additional local staff in support of this award.

For TechnipFMC, a “large” contract is between $500 million and $1 billion; the full contract award will not be included in inbound orders until the project receives final investment decision and government approvals.

Source: TechnipFMC

TechnipFMC and Saipem Announce SURF Commercial Agreement to Unlock New Opportunities

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TechnipFMC and Saipem announced that the two companies have entered into a global commercial agreement that will allow them to identify projects worldwide that could be jointly executed for the benefit of clients.

The commercial agreement will pursue specific Subsea Umbilicals, Risers and Flowlines (SURF) projects where the combination of the companies’ complementary world-class assets, technologies, products and competencies improves project economics and de-risks the overall project development for the benefit of all stakeholders.

The collaboration will have access to a broad range of SURF products and installation methods, providing greater operational flexibility and optimized execution strategies under EPCI (Engineering, Procurement, Construction and Installation) and iEPCI™ (integrated Engineering, Procurement, Construction and Installation) project execution models.

Jonathan Landes, President, Subsea, at TechnipFMC commented: “We are very pleased to partner with Saipem for the creation of this alliance. Working together with Saipem, we will be well-positioned to efficiently utilize complementary assets and capabilities to create differentiated technical solutions that further optimize project execution. Importantly, the strengthened offering will also expand the potential market for iEPCI™ opportunities when combined with TechnipFMC’s innovative Subsea 2.0™ production systems.”

Stefano Porcari, Chief Operating Officer of the E&C Offshore Division, at Saipem commented: “The SURF commercial agreement with TechnipFMC represents an important milestone to offer a more competitive and reliable value proposition to our clients. The agreement will provide a pool of complementary enabling vessels and facilities and a consolidated Reel laying and J-laying technology base. Together we will be able to provide a full service for those challenging developments requiring an ample range of technologies and capabilities. We are very excited with this commercial agreement and with the opportunities that will be released to the benefit of our stakeholders.”

Source: TechnipFMC

TechnipFMC and Talos Energy Enter Strategic Alliance to Provide Carbon Capture and Storage

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TechnipFMC and Talos Energy Inc. announced that they have entered into a long-term strategic alliance to develop and deliver technical and commercial solutions to Carbon Capture and Storage (CCS) projects along the United States Gulf Coast. The alliance combines Talos’s offshore operational strength and sub-surface expertise with TechnipFMC’s extended history in subsea engineering, system integration and automation and control.

Cultivated through a shared vision to responsibly deliver CCS solutions that will help to reduce the global carbon footprint, this innovative partnership will accelerate offshore CCS adoption with reliable, specialized CCS systems.

Under the alliance, the companies will collaborate to progress CCS opportunities through the full lifecycle of storage site characterization, front-end engineering and design (FEED), and first injection through life of field operations. This further advances the companies’ leadership in the emerging Gulf Coast CCS market, building on Talos’s recent successful award as the operator of the only major offshore carbon sequestration hub in the United States.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “We are pleased to partner with Talos to deliver offshore CCS solutions that will help reduce CO2 emissions during the energy transition. This alliance capitalizes on our collective expertise and TechnipFMC’s position as a system integrator and architect to deliver a reliable industrial-scale solution for CCS.”

Bob Abendschein, Executive Vice President and Head of Operations at Talos, commented: “We are excited to announce this strategic alliance with TechnipFMC and to work collaboratively as we continue to execute on our strategy to scale our CCS business. Combining the technical expertise of both companies solidifies our market leadership in delivering integrated CCS solutions to lower industrial carbon emissions and create a positive impact in the communities where we work and live.”

Source: TechnipFMC

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TechnipFMC Awarded a Large Subsea Contract for ExxonMobil Payara Development

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TechnipFMC has been awarded a large contract by Exxon Mobil Corporation subsidiary Esso Exploration and Production Guyana Limited (“EEPGL”) for the subsea system for the proposed Payara project.

TechnipFMC will manufacture and deliver the subsea production system, including 41 enhanced vertical deep water trees and associated tooling, six flexible risers and ten manifolds along with associated controls and tie-in equipment.

Arnaud Pieton, President Subsea stated: “We are delighted to take the next step in the partnership established with ExxonMobil and the country of Guyana for their subsea developments. As a continuation from Liza phase 1 and 2, this award is a tribute to the value created through this partnership and will also lead to growing further TechnipFMC’s local presence in Guyana. We continue to develop and deliver the most advanced proven subsea technologies enabling these developments with the schedule certainty required for the Payara Project first oil.”

In support of this project, TechnipFMC will continue hiring and training Guyanese engineers.

Payara is the second oil discovery in the Stabroek Block located approximately 193 km (120 miles) offshore Guyana with water depths of 1,500 m (4,900 ft) to 1,900 m (6,200 ft). ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), is the operator.

For TechnipFMC, a “large” contract ranges between $500 million and $1 billion.

Source: TechnipFMC

Petropipe

TechnipFMC awarded a significant contract by Shell Moerdijk for the Engineering, Procurement and module Fabrication (EPF)

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TechnipFMC has been awarded a significant contract by Shell Moerdijk for the Engineering, Procurement and module Fabrication (EPF) for proprietary equipment and related services for eight ethylene furnaces at the Moerdijk petrochemicals complex in the Netherlands.

The new furnaces will utilize TechnipFMC’s innovative multi-lane radiant coil design and will replace 16 older units without reducing capacity at the facility, while increasing energy efficiency and reducing greenhouse gas emissions. This upgrade is expected to reduce Shell Moerdijk’s annual CO2 emissions by about 10 percent.

The new furnaces will be shipped to the site in modules, enabling the cracker to continue to operate throughout the upgrade project.

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

Source: TechnipFMC

Eqinor| petropipe

TechnipFMC awarded assignments worth up to NOK 1.8 billion

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On behalf of the license partners, Equinor has awarded two contracts and issued a letter of intent to TechnipFMC for pipelaying and subsea installation for three projects on the Norwegian continental shelf (NCS).

The projects in scope are Breidablikk and the Gas Import System for the Snorre Expansion Project, for which contracts have been awarded, and Askeladd Vest, for which a letter of intent has been issued. The Breidablikk contract has subsea installation as an option.

The total value of the three assignments, including the option, is about NOK 1.8 billion.

“We are pleased to award TechnipFMC new large assignments within pipelaying and subsea installation on the NCS. Giving three assignments to the same supplier enables efficiency gains and cost savings. It will also allow for a coordinated follow-up of the total delivery during the implementation phase. This creates value for all parties”, says Peggy Krantz-Underland, Equinor’s chief procurement officer.

The scope of the assignments includes fabrication and laying of pipelines, installation of subsea structures, control cables and hook-up and testing of systems. The offshore operations under the contracts are planned to be carried out during 2021-2023.

The awards contribute to sustaining important workplaces for TechnipFMC in Norway, including the Orkanger spoolbase, where the pipelines will be fabricated before they are reeled onto the installation vessel. The awards are also expected to generate additional work through further sub-contracting to other companies.

“In a challenging period for the industry we aim to continue realizing the full potential of our NCS project portfolio. This must be carried out in close cooperation with our suppliers to ensure that we create value and activity in Norway. It will help sustain jobs in the supply industry and further develop the important competence the industry has built up,” says Krantz-Underland.

The contract award for Breidablikk is subject to a final investment decision and final regulatory approval. The letter of intent for Askeladd Vest is subject to a final investment decision.

Source: Equinor

Technip-FMC-Technologies-to-merge-into-TechnipFMC

TechnipFMC Secures Integrated EPCI (iEPCI) Contract by the Shell for the Perdido Phase 2 Development

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TechnipFMC has been awarded an integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract by Shell for the Perdido Phase 2 development, located in the Gulf of Mexico.

The contract covers the delivery and installation of subsea equipment, including flexible flowlines, flexible jumpers, steel flying leads, electrical flying leads, and will utilize compact manifold technology, with the Subsea 2.0 In-Line Compact Manifold.
TechnipFMC is a global leader in subsea, onshore/offshore, and surface projects. With thier proprietary technologies and production systems, integrated expertise, and comprehensive solutions, they are transforming their clients’ project economics. This is extremely pleased for TechnipFMC to have been selected by Shell for the Perdido Phase 2 development which is incorporating their latest generation of subsea equipment. This award once again confirms their leadership position in complete subsea developments, through early engagement with iFEED™ (integrated FEED) studies and realizing the full scope through an integrated EPCI (iEPCI™).

Source: https://www.technipfmc.com/