TechnipFMC (NYSE: FTI) (“the Company”) has been awarded a major(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by TotalEnergies for its GranMorgu project on Block 58, the first oil and gas development offshore Suriname.
This iEPCI™ award supports the development of an emerging frontier and is enabled by the Company’s vessel ecosystem. The project will combine TechnipFMC’s leading subsea architecture with Saipem’s (MILAN:SPM) EPCI solutions and best-in-class pipelay capabilities - notably J-Lay, the optimal solution given the location offshore Suriname—to accelerate time to first oil and increase schedule certainty.
TechnipFMC’s contracted scope for the project includes Subsea 2.0® tree systems, manifolds, connectors, and topside control equipment. The Company will also supply umbilicals, flexible jumpers, and flexible risers.
Information By Technology (Multibeam Echo Sounding (MBES), Side-Scan Sonar (SSS), Sub Bottom Profiling (SBP), Reflection Seismic Profiling, Magnetometer, ROV) By Location (Shallow Water, Transitional Water, Deep Water) and By Country (China, India, Japan, South Korea, Rest of Asia-Pacific)
Download free sample pagesJonathan Landes, President, Subsea at TechnipFMC commented: “We are very pleased to receive this iEPCI™ award for the GranMorgu project. We are bringing our new frontier experience and differentiated technology—including Subsea 2.0®—while leveraging the complementary capabilities of our vessel ecosystem.”
(1) For TechnipFMC, a “major” contract is more than $1 billion, and this represents the value of the contracted scope awarded to the Company. This award will be included in inbound orders in the fourth quarter of 2024.
