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July 6, 2022

Equinor awards $1bn Brazilian subsea contract to TechnipFMC

The study contract will help in finalising the BM-C-33 project’s technical solution.

Equinor Energy do Brazil, a subsidiary of Norway’s Equinor, has selected TechnipFMC for an integrated frontend engineering and design (iFEED) study on the BM-C-33 project offshore Brazil.

The study will help in finalising the offshore project’s technical solution, following which the final investment decision (FID) will be made by Equinor.

TechnipFMC categorised the contract as ‘major’, which means that the deal is worth more than $1bn.

The contract includes an option to move ahead with a direct award for the project’s integrated engineering, procurement, construction, and installation (iEPCI) phase to TechnipFMC.

Under the iEPCI contract, TechnipFMC would provide the entire subsea system including Subsea 2.0 tree systems, manifolds, jumpers, rigid risers and flowlines, umbilicals, pipeline end terminations, and subsea distribution and topside control equipment.

The firm would also provide life-of-field services.

TechnipFMC subsea president Jonathan Landes said: “We are excited about this iFEED award, which demonstrates our collaborative relationship with Equinor and their continued confidence in our technologies and integrated approach.

“This integrated project will be the first time Equinor uses our Subsea 2.0 configure-to-order production systems, of which we’re seeing increased customer adoption.”

The iEPCI will be subject contract approval and the project FID.

Located nearly 200km off the coast of Rio de Janeiro, the BM-C-33 gas and condensate field is contained in water depths of up to 2,900m.

Production from the field is planned to be sent to a floating production, storage and offloading (FPSO) unit, which will be moored at the site.

Equinor operates the BM-C-33 block with a 35% stake while other partners include Repsol Sinopec Brasil (35%) and Petrobras (30%).

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