This news is classified in: Traditional Energy Oil and Gas
Jun 30, 2023
TechnipFMC (NYSE: FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by OMV (Norge) AS for its Berling gas development project. It will be OMV’s first iEPCI™ project in Norway as operator.
TechnipFMC will design and install the subsea production systems, controls, pipelines, and umbilicals for the development on the Norwegian Continental Shelf.
The award follows a six-month integrated Front End Engineering and Design (iFEED™) study, which optimized the field layout and improved the project’s economics by confirming the suitability of thermally insulated pipe-in-pipe technology for the flowline used in this tieback.
Jonathan Landes, President, Subsea at TechnipFMC, commented: “We’re proud to have OMV join the growing number of clients who are experiencing the benefits of our integrated project execution model. Through iFEED™, we demonstrated that iEPCI™ provides a solution which will accelerate delivery of this development. We are excited to support OMV through its first project as operator in the North Sea.”
(1) For TechnipFMC, a “significant” contract is between $75 million and $250 million. This award will be included in inbound orders in the second quarter of 2023.
