TechnipFMC has been awarded a significant integrated engineering, procurement, construction and installation (iEPCI) contract on July 6 for the Jubilee South East development, located offshore Ghana. It will be the company’s first iEPCI project with Tullow Ghana Ltd.
Jubilee South East is an extension to the Jubilee field. The contract builds upon TechnipFMC’s established relationship with Tullow and covers supply and offshore installation of all major subsea equipment, including manifolds and associated controls, flexible risers and flowlines, umbilicals, and subsea structures.
At the pre-tendering stage, TechnipFMC utilized its Subsea Studio digital solutions to help optimize field layout. Subsea Studio™ is the company’s portfolio of design and monitoring tools which help clients to improve economics, enhance performance, and reduce emissions throughout the life of a project.
“We are proud to continue supporting Tullow Ghana in the development of the Jubilee field,” Jonathan Landes, president of subsea at TechnipFMC, said. “This is the first time Tullow has used our iEPCI™ model, which enables us to collaborate even more closely and simplify project delivery.”
For TechnipFMC, a “significant” contract is between $75 million and $250 million.
The Biden administration earlier this year stopped holding federal oil and gas lease sales, pending the review, but a federal judge last month ruled that his leasing freeze was unlawful.
The new policy focuses on incentivizing increased investment and production.
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