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).
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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.
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By GlobalData“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.
