TechnipFMC has been awarded a significant EPCI contract by Equinor on Oct. 19 for the Breidablikk pipelay, including option for the subsea installation scope located in the area close to the Grane Field, North Sea.
The Breidablikk project is a tie-back to the existing Grane platform. TechnipFMC’s scope includes provision of flexible jumpers and rigid pipelines as well as pipeline installation work.
“We have collaborated closely with Equinor in order to optimize the solutions and methodology for the pipelay installation. We are honored to once again be selected by Equinor to create value with our products and services offering,” Jonathan Landes, president subsea at TechnipFMC, said.
The Breidablikk development is subject to final approval by the Norwegian authorities.
For TechnipFMC, a “significant” contract ranges between $75 million and $250 million.
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Commitment was made to the Science Based Targets initiative.
Terms include a 12.5% royalty rate for leases in less than 200 meters of water depth and a royalty rate of 18.75% for all other leases issued.