TechnipFMC has secured an integrated engineering, procurement, construction and installation (iEPCI) contract for the TOR II development in the North Sea.
Financial details of the contract were not disclosed, but its value is expected to be between $75m and $250m.
Under the contract, TechnipFMC will deliver and install a subsea production system including deployment of umbilical, rigid flowlines and ancillary subsea equipment.
TechnipFMC Subsea president Arnaud Pieton said: “This is the first iEPCI award by ConocoPhillips. Through early engagement and collaboration, with ConocoPhillips we engineered an integrated subsea solution enabling first oil sooner than with a traditional project execution.”
The Tor oil and gas field is located around 13km northeast of the Ekofisk Complex at water depths of 70m. ConocoPhillips is the operator of the field with a 30.66% stake.
The field was discovered in 1970 and commenced production in 1978. In January 2016, it ceased production following more than 37 years of operation. The TOR II development encompasses re-development of the field.
Pieton added: “We have partnered with ConocoPhillips in the Ekofisk area on several projects and are honoured that ConocoPhillips is expanding its scope with us, embracing our innovative and comprehensive approach”.