TechnipFMC awarded large iEPCI™ contract for Aker BP’s Utsira High development

Source: press release, 31 January 2023

iEPCI – TechnipFMC transforms the subsea industry by safely providing innovative solutions that improve economics, enhance performance, and reduce emissions
iEPCI – TechnipFMC transforms the subsea industry by safely providing innovative solutions that improve economics, enhance performance, and reduce emissions (illustration: TechnipFMC)

TechnipFMC has been awarded a large integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Aker BP for its Utsira High development.

The contract brings together three projects that will tie back to the Ivar Aasen and Edvard Grieg production platforms. TechnipFMC will engineer, procure, construct, and install the subsea production systems, controls, pipelines, and umblicals for the development, which is Aker BP’s first iEPCI™ project. It follows a 2-year integrated front-end engineering and design (iFEED™) study to optimise field layout.

Jonathan Landes, President, Subsea at TechnipFMC, comments, “Aker BP is joining the growing list of clients who are choosing the benefits of our integrated model, which include an acceleration in time to first production. Our familiarity with the Utsira High area and the success of our installed base there were key components in receiving this direct award. We have valued our dialogue with Aker BP during this process and we are excited about collaborating with them on Utsira High.”

Note: For TechnipFMC, a “large” contract is between USD 500 million and USD 1 billion.