TechnipFMC has been awarded a significant engineering, procurement, construction and installation (EPCI) contract from Ithaca Energy (UK) Limited on May 17 for the Captain enhanced oil recovery (EOR) Project in the U.K. North Sea.
TechnipFMC will design, manufacture, deliver and install subsea equipment including a rigid riser caisson, water injection flexible flowline, umbilicals and associated equipment.
“We are delighted to support Ithaca Energy on this important EOR expansion of the Captain field, utilizing our innovative design and installation technologies and solutions to unlock and maximize the recovery of hydrocarbons from the UK Continental Shelf. We look forward to helping Ithaca improve project economics, enhance performance and reduce emissions,” Jonathan Landes, president of subsea at TechnipFMC, said.
The Captain field lies approximately 145 km (90 miles) northeast of Aberdeen, Scotland, in the Outer Moray Firth area of the U.K. North Sea, in water depths of around 105.5 m (346 ft).
For TechnipFMC, a “significant” contract ranges between $75 million and $250 million.
U.S. Interior Secretary Deb Haaland said oil and gas production “will continue well into the future” but said the administration wants “to make sure American taxpayers are getting a good return on their investment.”
The subsea technology powerhouse, which offers integrated products and services, sees its inbound orders surpassing $4 billion by year-end.
The bills would update decades-old laws governing oil and gas drilling to boost the program’s value for taxpayers.