TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) has been awarded a large(1) integrated Engineering, Procurement, Construction, Transportation and Installation (iEPCI™) contract by Eni for the Merakes project, located offshore Balikpapan Indonesia, at a water depth of approximately 1,500 meters.
This contract covers five deepwater wells, and their 50-kilometer tie back to the existing Jangkrik Floating Production Unit in Indonesia.
The project scope includes engineering, procurement, installation and pre-commissioning of subsea equipment such as subsea trees, a manifold, large bore deepwater high-pressure flexible lines, umbilicals and distribution hardware, flexible risers, flowlines and jumpers.
Arnaud Piéton, President Subsea at TechnipFMC commented: “This award demonstrates our leadership in iEPCI™: an example of how through collaboration and engagement with our customer, we’re simplifying subsea field architecture, enabling long tie-backs and accelerating time to market for their production, all important drivers for Eni and Indonesia., We are proud to count Eni as a client for iEPCI TM and honored to help them in developing these resources through our integrated approach and to support the Indonesian expansion.”
(1) For TechnipFMC, a “large” contract is between $500 million and $1 billion.
Source: TechnipFMC