TechnipFMC Awarded a Substantial Integrated EPCI (iEPCI™) Contract for the Neptune Energy Duva and Gjøa P1 Projects
Wednesday 3 April 2019
TechnipFMC has been awarded a substantial(1) integrated Engineering, Procurement, Construction and Installation (iEPCITM) contract from Neptune Energy for the Duva and Gjøa P1 projects, located in the Norwegian sector of the North Sea at a water depth of 375 meters.
The contract covers the delivery and installation of subsea equipment including umbilicals, rigid flowlines and subsea production system.
Arnaud Piéton, President Subsea at TechnipFMC, commented: “These new iEPCITM awards by Neptune Energy are the first call offs from our recently signed Subsea Alliance Agreement which is based on early engagement and more collaboration and transparency between Operator and Contractor. These awards confirm our leadership position in complete subsea developments, through early engagement with iFEEDTM (integrated FEED) studies and realizing the full scope through an integrated EPCI. We are currently executing the Fenja(2) iEPCITM project with Neptune Energy and are honored that Neptune Energy continues embracing our innovative and comprehensive solutions.”
(1)For TechnipFMC, a “substantial” contract ranges between $250 million and $500 million.
(2)Neptune Energy closed the acquisition of VNG Norge on June 28, 2018