TechnipFMC plc has secured a contract from Shell Nigeria Exploration and Manufacturing Firm Restricted to provide Subsea 2.0 manufacturing programs for the Bonga North growth in Nigeria.
The contract covers the design and manufacture of subsea tree programs, manifolds, jumpers, controls, and providers, TechnipFMC stated in a information launch. The corporate described the contract as substantial, which it defines as having a price between $250 million and $500 million. The award will probably be included in inbound orders within the fourth quarter of 2024, it famous.
Jonathan Landes, President for Subsea at TechnipFMC, stated, “Shell was the primary to undertake our Subsea 2.0 configure-to-order resolution, and continues to deploy it throughout a number of basins—underscoring its dedication to the know-how globally. This award additional positions us for future deepwater alternatives within the area”.
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In the meantime, TechnipFMC introduced that it has been given full discover to proceed with the contract for the primary all-electric built-in undertaking by the Northern Endurance Partnership (NEP), a three way partnership between BP plc, Equinor ASA, and TotalEnergies SE.
The contract covers the provision and set up of an all-electric subsea system, together with bushes, manifolds, umbilicals, and infield flowlines, which will probably be delivered utilizing TechnipFMC’s built-in engineering, procurement, development, and set up (iEPCI) execution mannequin. The corporate’s all-electric know-how permits the prolonged distances required for the undertaking, it famous in a separate information launch.
TechnipFMC described the contract as a big award, which it defines as having a price between $500 million and $1 billion. The award was included in inbound orders within the third quarter of 2024.
The contract follows NEP’s announcement of economic shut and entry into the execution part of the carbon dioxide (CO2) transportation and storage infrastructure in the UK’s East Coast Cluster.
Earlier, Equinor reached a ultimate funding choice with companions BP and TotalEnergies to proceed with the Northern Endurance Partnership (NEP) carbon seize and storage undertaking. Anticipated to begin operations in 2028, NEP will completely retailer as much as an preliminary 4 million metric tons of carbon dioxide a yr.
Luana Duffé, Government Vice President for New Vitality at TechnipFMC, stated, “We’re excited to see this growth transfer ahead, as it’s a important milestone for the UK and our Firm. TechnipFMC will leverage its industry-leading subsea experience and proprietary applied sciences to ship the primary all-electric iEPCI for carbon transportation and storage”.
Final month, TechnipFMC secured an (iEPCI) contract from TotalEnergies for its GranMorgu undertaking on Block 58, the primary oil and gasoline growth offshore Suriname.
TechnipFMC stated in a information launch that the contract was main, which it defines as having a price of greater than $1 billion. The corporate’s contracted scope for the undertaking consists of Subsea 2.0 tree programs, manifolds, connectors, and topside management tools. It should additionally provide umbilicals, versatile jumpers, and versatile risers.
TotalEnergies made a ultimate funding choice (FID) for the GranMorgu growth in October. The oil main stated in an earlier assertion that the GranMorgu undertaking will develop the Sapakara and Krabdagu oil discoveries, the place an exploration and appraisal marketing campaign was accomplished in 2023. The fields are situated 150 kilometers off the coast of Suriname and maintain recoverable reserves estimated at over 750 million barrels.
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