TechnipFMC award for the Neptune Energy Duva and Gjøa P1 projects

Source: press release, 2 April 2019

illustration: TechnipFMC
illustration: TechnipFMC

TechnipFMC has been awarded a substantial integrated engineering, procurement, construction and installation (iEPCI™) 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 metres.

The contract covers the delivery and installation of subsea equipment including umbilicals, rigid flowlines and subsea production system.

Arnaud Piéton, President Subsea at TechnipFMC, comments, “These new iEPCI™ 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 iFEED™ (integrated FEED) studies and realising the full scope through an integrated EPCI. We are currently executing the Fenja iEPCI™ project with Neptune Energy and are honoured that Neptune Energy continues embracing our innovative and comprehensive solutions.”

Note: For TechnipFMC, a “substantial” contract ranges between USD 250 million and USD 500 million. Neptune Energy closed its acquisition of VNG Norge on June 28, 2018.