NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Wintershall Dea Norge AS for its Maria revitalization project.
The project will boost production at the existing Maria field in the Norwegian Continental Shelf. The contract includes subsea trees, spools, jumpers, and flexible pipes.
The revitalization project will tie in an additional lightweight six-slot integrated template structures (ITS). The two existing templates in the Maria field are part of TechnipFMC’s installed base and began production in 2017.
Jonathan Landes, President, Subsea at TechnipFMC, commented: “This iEPCI™ award is built on our ability to leverage our integrated front end engineering and design (iFEED™) model. Through early engagement, we optimized the field layout and maximized the benefits of integrated project execution. Our involvement helped reduce the carbon footprint of the revitalization project by modifying existing infrastructure, eliminating the need for an additional 4,000 meters of pipe.”
For TechnipFMC, a “significant” contract is between $75 million and $250 million.
Note: this inbound order was included in the Company’s first quarter financial results.
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TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
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