Learn more about Hart Energy Conferences
Get our latest conference schedules, updates and insights straight to your inbox.
TechnipFMC Plc said TotalEnergies SE had awarded the company a “significant” subsea contract for a project in presalt Brazil.
The value of the contract was not disclosed, but for TechnipFMC a significant contract is between $75 million and $250 million, according to the company press release on Sept. 14.
“The Brazilian offshore market is becoming more diverse with regard to work scope and customer opportunity,” commented Jonathan Landes, president, subsea, at TechnipFMC.
The contract is for engineering, procurement, construction and installation (EPCI) work at TotalEnergies’ Lapa North East field in the presalt Santos Basin offshore Brazil.
TotalEnergies had acquired 35% interest in the Lapa Field along with operatorship as part of a transfer of rights transaction with Petrobras in 2018. Other partners in the Lapa Field located in Block BM-S-9A include Shell Plc (30%), Repsol-Sinopec (25%) and Petrobras (10%).
“On Lapa North East,” Landes continued in his statement on Sept. 14, “we are working with a valued client with whom we have built a trusted relationship. By offering the flexibility of a phased campaign, we are helping TotalEnergies accelerate its schedule and begin production sooner.”
As part of the EPCI contract award, TechnipFMC will reconfigure and install umbilicals and flexible pipe in a new configuration that will further secure the production of the field.
Recommended Reading
Is Grayson Mill the Next Bakken Domino to Fall After Chevron-Hess?
2024-01-31 - As E&Ps look to bulk up outside of the Permian Basin, EnCap-backed Bakken player Grayson Mill Energy is reportedly exploring a sale valued around $5 billion.
Berry Bolts On More California Assets as Kern County M&A Continues
2024-03-06 - As Berry Corp. continues its aggressive hunt for growth opportunities outside of California, the E&P made a second bolt-on acquisition in Kern County in the fourth quarter.
Evolution Petroleum Acquires SCOOP/STACK Interests
2024-01-09 - Evolution Petroleum entered agreements with three companies to purchase non-op interests in Oklahoma’s SCOOP and STACK plays for $43.5 million, equaling its largest transaction so far.
Civitas, Prioritizing Permian, Jettisons Non-core Colorado Assets
2024-02-27 - After plowing nearly $7 billion into Permian Basin M&A last year, Civitas Resources is selling off non-core acreage from its legacy position in Colorado as part of a $300 million divestiture goal.
Matador Bolts On Additional Interest from Advance Energy Partners
2024-02-27 - Matador Resources carved out additional mineral and royalty interests on the acreage it acquired from Advance Energy Partners for $1.6 billion last year.