TechnipFMC (NYSE: FTI) said Jan. 29 it has been awarded a substantial integrated engineering, procurement, construction and installation (iEPCITM) contract from Lundin Norway for the Luno II and Rolvsnes development, located in the North Sea at a water depth of 110 m (360 ft).
The contract covers the delivery and installation of subsea equipment including umbilicals, rigid flowlines, flexible jumpers and subsea production systems.
“We are honored that Lundin Norway is embracing our innovative and comprehensive solutions, engaging with us early through iFEEDTM [integrated FEED] studies and realizing the full scope through an integrated EPCI, finding within TechnipFMC all the architects, the competencies, the equipment and services necessary to support this project,” Arnaud Piéton, president of subsea at TechnipFMC, said.
For TechnipFMC, a “substantial” contract ranges between $250 million and $500 million.
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