BusinessWire contributed to this article

TechnipFMC has been awarded a significant subsea contract by Equinor on March 20 for the Johan Sverdrup Phase 2 development, located in the Norwegian sector of the North Sea at a water depth of 120 m (393 ft).

The contract covers the delivery and installation of the subsea production system including integrated template structures, manifolds, tie-in and controls equipment.

The production system consists of five templates and a total of 18 X-mas trees with associated components.

“This joint engagement is leading to further value creation for both of us and for Equinor’s Johan Sverdrup Phase 2 Development. It reaches beyond the supply of subsea equipment, now encompassing its installation. We are very proud of this joint engagement and very pleased to work alongside Equinor for the Johan Sverdrup Phase 2 development,” Arnaud Piéton, president of subsea at TechnipFMC, said.

For TechnipFMC, a significant contract ranges between $75 million and $250 million.