Subsea cable specialist specialist TechnipFMC has secured a deal worth more than $1bn for a major project in Brazil which will bring work to its North East yard.
The company, which has its head office and main UK yard in Walker, Newcastle, as well as operations in the US, France, Brazil and Malaysia, designs and manufactures cable and flexible pipes for use in offshore markets. The firm’s base on the River Tyne is the main centre of expertise for marketing, research and development, engineering, project management and manufacturing of umbilical systems in the Technip group.
Now company has announced it has been awarded a major contract for an integrated engineering, procurement, construction and installation project by Equinor Energy do Brasil Ltda, a subsidiary of Equinor ASA (Equinor). The award follows the conclusion of a study of the BM-C-33 field offshore Brazil, which is in waters of up to 2,900m deep.
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Technip said the contract covers the entire subsea system – tree systems, manifolds, jumpers, risers and flowlines, umbilicals, pipeline end terminations, subsea distribution and topside control equipment, and installation – and TechnipFMC will also be responsible for life-of-field services.
Jonathan Landes, president, Subsea at TechnipFMC, said: “iEPCI continues to reshape our industry, demonstrating our unique ability to bring together all the subsea components of an integrated solution. We’ve built trust with our clients, and to see Equinor utilize our Subsea 2.0 configure-to-order solution along with iEPCI™ is a proud moment for us.”
TechnipFMC said the deal represents a “major” contract, which is worth more than $1bn.
The deal comes three months after the company won sizeable contracts to bring work to its North East yard. In February it announced two ‘significant’ contract wins with energy giant Equinor, which will see it carry out work on the Norwegian Continental Shelf. TechnipFMC said significant contracts are worth between $75m and $250m.
A month earlier the company announced it had been awarded a large contract - which is worth between $500m and £1bn – by Aker BP for its Utsira High development in in the southwest of the Norwegian continental shelf.
The major Tyneside employer, which has more than 300 staff on Tyneside, has global oil and gas companies on its client books, and has seen an increase in contract wins over the last few years in tandem with the rise of major energy projects worldwide.
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