TechnipFMC Awarded a Substantial Integrated EPCI (iEPCI™) Contract for the Neptune Energy Duva and Gjøa P1 Projects
April 02 2019 - 4:30PM
Business Wire
TechnipFMC (Paris:FTI) (NYSE:FTI) has been awarded a
substantial(1) integrated Engineering, Procurement, Construction
and Installation (iEPCITM) contract from Neptune Energy for the
Duva and Gjøa P1 projects, located in the Norwegian sector of the
North Sea at a water depth of 375 meters.
The contract covers the delivery and installation of subsea
equipment including umbilicals, rigid flowlines and subsea
production system.
Arnaud Piéton, President Subsea at TechnipFMC, commented: “These
new iEPCITM awards by Neptune Energy are the first call offs from
our recently signed Subsea Alliance Agreement which is based on
early engagement and more collaboration and transparency between
Operator and Contractor. These awards confirm our leadership
position in complete subsea developments, through early engagement
with iFEEDTM (integrated FEED) studies and realizing the full scope
through an integrated EPCI. We are currently executing the Fenja(2)
iEPCITM project with Neptune Energy and are honored that Neptune
Energy continues embracing our innovative and comprehensive
solutions.”
(1)For TechnipFMC, a “substantial” contract ranges between $250
million and $500 million.(2)Neptune Energy closed the acquisition
of VNG Norge on June 28, 2018
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About TechnipFMC
TechnipFMC is a global leader in subsea, onshore/offshore, and
surface projects. With our proprietary technologies and production
systems, integrated expertise, and comprehensive solutions, we are
transforming our clients’ project economics.
We are uniquely positioned to deliver greater efficiency across
project lifecycles from concept to project delivery and beyond.
Through innovative technologies and improved efficiencies, our
offering unlocks new possibilities for our clients in developing
their oil and gas resources.
Each of our more than 37,000 employees is driven by a steady
commitment to clients and a culture of purposeful innovation,
challenging industry conventions, and rethinking how the best
results are achieved.
To learn more about us and how we are enhancing the
performance of the world’s energy industry, go to TechnipFMC.com
and follow us on Twitter @TechnipFMC.
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