TechnipFMC Awarded Integrated EPCI (iEPCI™) Contract by Equinor
January 13 2022 - 4:15PM
Business Wire
Regulatory News:
TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded an
integrated Engineering, Procurement, Construction and Installation
(iEPCI™) contract(1) for Equinor’s Smørbukk Nord development.
The contract covers a high-pressure, high-temperature subsea
production system and associated equipment for a brownfield tieback
in the Åsgard field in the Norwegian Continental Shelf, where
TechnipFMC has a large installed base. The award follows front end
engineering and design work on the project in 2021.
Jonathan Landes, President, Subsea at TechnipFMC, commented:
“Our ability to deliver this optimized solution for Equinor is
possible due to our close collaboration with the client, portfolio
of subsea equipment, and integrated execution model. We’re
delighted to be once again delivering an iEPCI™ project for
Equinor.”
The installation campaign will use TechnipFMC’s battery hybrid
vessel, which will reduce greenhouse gas emissions through reduced
fuel consumption.
(1)The contract award was included in Q4 2021 inbound
orders.
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Forward-Looking Statement
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Section 27A of the United States Securities Act of 1933, as
amended, and Section 21E of the United States Securities Exchange
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About TechnipFMC
TechnipFMC is a leading technology provider to the traditional
and new energy industries, delivering fully integrated projects,
products, and services.
With our proprietary technologies and comprehensive solutions,
we are transforming our clients’ project economics, helping them
unlock new possibilities to develop energy resources while reducing
carbon intensity and supporting their energy transition
ambitions.
Organized in two business segments — Subsea and Surface
Technologies — we will continue to advance the industry with our
pioneering integrated ecosystems (such as iEPCI™, iFEED™ and
iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a
commitment to our clients’ success, and a culture of strong
execution, purposeful innovation, and challenging industry
conventions.
TechnipFMC uses its website as a channel of distribution of
material company information. To learn more about how we are
driving change in the industry, go to www.TechnipFMC.com and follow
us on Twitter @TechnipFMC.
Category: UK regulatory
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