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.
Recommended Reading
Gulf of Mexico Oil and Gas Industry Faces Active Hurricane Season
2022-05-24 - An early outlook by The Weather Co. forecasts an active North Atlantic hurricane season, which could affect oil and gas supply due to shut-in production at platforms in the U.S. Gulf of Mexico.
Eni-Total Consortium Starts Exploratory Gas Drilling Off Cyprus
2022-05-24 - Eni and TotalEnergies began the drilling of an exploration gas well on Monday off the coast of Cyprus as part of the 'Cronos-1' project.
Halliburton, Aker BP to Implement First-of-its-kind Digital Twin for Field Development
2022-05-23 - Aker BP will implement the cloud application Field Development Planning through its continued collaboration with Halliburton to make field development data planning a more efficient process.
US Drillers Add Oil and Gas Rigs for Ninth Week in a Row
2022-05-20 - Baker Hughes said that puts the total rig count up 273, or 60%, over this time last year.
Remote Subsea Monitoring Utilizing High Bandwidth Optical Data Telemetry
2022-05-20 - New technology developed by Ashtead Technology and Hydromea utilizing high bandwidth optical data telemetry is proving to be a game changer for remote subsea structure monitoring systems.