TechnipFMC Inks FEED Deal in Brazil Worth over $1 Billion

The FEED “study will finalize the technical solution for the proposed gas and condensate greenfield development in the presalt Campos Basin” before Equinor makes its FID, TechnipFMC said in a press statement.

TechnipFMC Inks FEED Deal in Brazil Worth over $1 Billion

TechnipFMC signed a letter of intent with Equinor for an iFEED study on its BM-C-33 project located offshore Brazil in the Campos Basin presalt. (Source: Equinor ASA)

U.K.-based TechnipFMC signed a letter of intent with Equinor Energy do Brazil Ltda., a subsidiary of Norway’s state oil company Equinor ASA, for an integrated FEED (iFEED™) study on its BM-C-33 project offshore Brazil valued at over $1 billion. 

The FEED “study will finalize the technical solution for the proposed gas and condensate greenfield development in the presalt Campos Basin before Equinor makes its final investment decision (FID),” TechnipFMC announced July 5 in a press statement.

The study includes an option to proceed with a direct award to TechnipFMC for the integrated engineering, procurement, construction and installation phase of the project, which would cover the entire subsea system, manifolds, jumpers, rigid risers and flowlines, umbilicals, pipeline end terminations, and subsea distribution and topside control equipment. TechnipFMC would also be responsible for life-of-field services.

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Pietro Pitts

Pietro Donatello Pitts is a senior energy reporter for Hart Energy. He covers Latin America and the Caribbean as well as regions from North America to Europe, Africa and Asia. He covers topics spanning from the upstream, midstream and downstream sectors to the energy transition and geopolitical events impacting the global energy sector.