TechnipFMC plc has secured an built-in Engineering, Procurement, Development, and Set up (iEPCI) contract from BP plc for its greenfield Kaskida growth within the Gulf of Mexico.
The contract covers the design and manufacture of subsea manufacturing techniques, together with 20,000 psi (20K) standardized subsea timber and manifolds. The scope additionally contains the design, manufacture, and set up of subsea umbilicals, risers, and flowlines, TechnipFMC stated in a information launch. The award follows an built-in Entrance Finish Engineering and Design (iFEED) research by TechnipFMC, it added.
The corporate stated the contract was “substantial”, that means it’s valued between $250 million and $500 million.
- Advertisement -
Jonathan Landes, President for Subsea at TechnipFMC, stated, “Our modern high-pressure options are key to serving to unlock probably the most economically engaging alternatives within the Paleogene. Kaskida is our newest iEPCI mission with BP and is emblematic of our longstanding collaboration. By early engagement, we’re leveraging the breadth of our technological and integration capabilities to assist BP efficiently ship Kaskida”.
Kaskida may have a brand new floating manufacturing platform with the capability to provide 80,000 barrels of crude oil per day from six wells in its first part. Manufacturing is predicted to start out in 2029, BP stated in an earlier information launch. The corporate made a last funding choice on the asset in July.
BP’s 100-percent-owned Kaskida discipline found recoverable sources presently estimated at round 275 million barrels of oil equal from the preliminary part. Further wells may very well be drilled in future phases, topic to additional analysis. Situated within the Keathley Canyon space about 250 miles southwest off the coast of New Orleans, the Kaskida mission unlocks the potential future growth of 10 billion barrels of found sources in place throughout the Kaskida and Tiber catchment areas, in keeping with the discharge, BP stated.
Petrobras Contracts Awarded
In the meantime, TechnipFMC has been awarded two subsea contracts by Petrobras for the pre-salt fields offshore Brazil, in keeping with a separate information launch.
The primary award is a considerable contract to design, engineer, and manufacture riser versatile pipe. TechnipFMC may also provide related providers together with packing and storage. The corporate defines a considerable contract as having a worth between $250 million and $500 million.
The second award, which adopted a aggressive tender, is a major contract to design, engineer, and manufacture subsea manufacturing techniques to be deployed on the Atapu 2, Sepia 2, and Roncador tasks. The contract additionally covers set up help and life-of-field providers, in addition to the choice for extra gear and providers. The corporate defines a major contract as having a worth between $75 million and $250 million.
All gear and merchandise might be manufactured and serviced regionally, leveraging core capabilities in Brazil that allow continued growth of pre-salt reserves, in keeping with the discharge.
Landes stated, “These awards underscore our management place in versatile pipe know-how, and the confirmed success of our standardized gear platform that was successfully deployed for Petrobras on the Buzios 6-9 fields. Our almost 70-year legacy in Brazil displays our deep dedication to the area and highlights our persevering with help of Petrobras’ strategic imaginative and prescient. We’ll draw on our in depth in-country operations to ship on these contracts”.
To contact the writer, e mail rocky.teodoro@rigzone.com
What do you suppose? We’d love to listen to from you, be a part of the dialog on the
Rigzone Power Community.
The Rigzone Power Community is a brand new social expertise created for you and all power professionals to Converse Up about our trade, share data, join with friends and trade insiders and interact in knowledgeable neighborhood that can empower your profession in power.
