FMC Wellhead Equipment awarded Limbayong Deepwater Development Project contract

Source: press release, 22 February 2021

illustration: TechnipFMC
illustration: TechnipFMC

TechnipFMC has announced that its subsidiary, FMC Wellhead Equipment Sdn. Bhd. has been awarded a substantial contract by PETRONAS Carigali Sdn. Bhd., a subsidiary of PETRONAS for the provision of front-end engineering design, and integrated engineering, procurement, construction, installation and commissioning of subsea production system, umbilicals, risers and flowlines (iEPCI™) for the Limbayong Deepwater Development Project. PETRONAS is a global energy and solutions partner and ranked amongst the largest corporations in Fortune Global 500®.

This contract covers the development of 10 deepwater wells and their tieback to the Limbayong Floating Production Storage and Offloading (FPSO) unit in Malaysia. TechnipFMC will design, manufacture, deliver and install subsea equipment including subsea trees, manifolds, umbilicals, flexible risers, flowlines, jumpers and other associated subsea hardware for the project.

The project will be executed from TechnipFMC’s Kuala Lumpur office and will leverage its local manufacturing plants in Malaysia.

Jonathan Landes, President Subsea at TechnipFMC comments, “We are delighted and honoured to have been selected by PETRONAS Carigali to develop this deepwater field. We are committed to PETRONAS Carigali and to the Malaysian oil and gas industry. This iEPCI™ contract combines our integrated subsea solution with our Subsea 2.0™ products, demonstrating the added value of our unique and complete integrated offering.”

Note: For TechnipFMC, a “substantial” contract ranges between USD 250 million and USD 500 million.