Receive our newsletter – data, insights and analysis delivered to you
  1. News
June 24, 2020

TechnipFMC to provide pipelaying and installation for Norway projects

Norwegian oil and gas firm Equinor has awarded oilfield services provider Technip two contracts and a letter of intent (LoI) valued at Nkr1.8bn (approximately $188m).

By Himaja Ganta

Norwegian oil and gas firm Equinor has awarded oilfield services provider Technip two contracts and a letter of intent (LoI) valued at Nkr1.8bn (approximately $188m).

Under the contracts and the LoI, TechnipFMC will provide pipelaying and subsea installation for three projects on the Norwegian continental shelf (NCS).

The projects include Breidablikk and the gas import system for the Snorre expansion project, for which the Norwegian firm awarded contracts.

Meanwhile, the LoI has been issued for Askeladd Vest.

According to Equinor, subsea installation is an option for the Breidablikk contract.

Equinor chief procurement officer Peggy Krantz-Underland said: “We are pleased to award TechnipFMC new large assignments within pipelaying and subsea installation on the NCS.

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future

“Giving three assignments to the same supplier enables efficiency gains and cost savings. It will also allow for a coordinated follow-up of the total delivery during the implementation phase. This creates value for all parties.”

The full scope includes fabrication and laying of pipelines, as well as hookup and testing of systems. It also includes the installation of subsea structures and control cables.

These offshore operations are planned to be executed during 2021-2023.

Krantz-Underland added: “In a challenging period for the industry we aim to continue realizing the full potential of our NCS project portfolio. This must be carried out in close cooperation with our suppliers to ensure that we create value and activity in Norway.

“It will help sustain jobs in the supply industry and further develop the important competence the industry has built up.”

Equinor said that Breidablikk contract is subject to a final investment decision (FID) and a final regulatory approval, while the Askeladd Vest LoI is subject to a FID.

In April this year, TechnipFMC secured an integrated engineering, procurement, construction and installation (iEPCI) contract from Woodside to develop the latter’s fields off the coast of north-western Australia.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU