TechnipFMC (NYSE: FTI) has been awarded a major(1) contract for an integrated Engineering, Procurement, Construction, and Installation (iEPCI™) project by Equinor Energy do Brasil Ltda., a subsidiary of Equinor ASA (Equinor).
The award follows the conclusion of an integrated Front End Engineering and Design (iFEED™) study of the BM-C-33 field offshore Brazil. The field is in water depths up to approximately 2,900 meters.
The contract covers the entire subsea system, including Subsea 2.0™ tree systems, manifolds, jumpers, risers and flowlines, umbilicals, pipeline end terminations, subsea distribution and topside control equipment, and installation. TechnipFMC will also be responsible for life-of-field services.
Jonathan Landes, President, Subsea at TechnipFMC, commented: “iEPCI™ continues to reshape our industry, demonstrating our unique ability to bring together all the subsea components of an integrated solution. We’ve built trust with our clients, and to see Equinor utilize our Subsea 2.0™ configure-to-order solution along with iEPCI™ is a proud moment for us.”
(1) For TechnipFMC, a “major” contract is more than $1 billion. This award will be included in inbound orders in the second quarter of 2023.
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TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
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