Big Win for TechnipFMC on Subsea Equinor Field

June 25, 2020

TechnipFMC, a UK based offshore engineering contractor, has been awarded a letter of intent for three projects on the Norwegian Continental Shelf. The contract will be worth close to US$ 187.3 million and span roughly 2 years from 2021-2023.

from google Images

The project will involve multiple elements that Technip will have to undertake, including fabrication and laying of pipelines, installation of subsea structures, control cables, hook-up and testing of systems, as well as procedural and technical design documentation. This relates to the marine operations on the proposed Breidablikk subsea tie-back scheme and gas import system for the Snorre Expansion project under firm contracts.

Equinor’s Chief Procurement Office, Peggy Krantz, said “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”.

Apparently, the Norwegian state-controlled operators Equinor, intended to move forward both awards on the Breidablikk and Askeladd West fields after delays amid field development cutbacks due to the coronavirus pandemic. New life seems to be emerging off the Norwegian coast as projects begin moving again.

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by Kaiya Puddephat