TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) has been awarded by BP a large(1) contract for the engineering, procurement, construction, installation and commissioning (EPCIC) of the floating production storage and offloading (FPSO) unit to be deployed offshore on the maritime border of Mauritania and Senegal.
This award is a continuation to the FEED (front end engineering design) contract awarded in April 2018.
TechnipFMC will bring its expertise to deliver major projects, leveraging extensive experience with fabrication yards and from successful references for delivery of offshore gas monetization facilities such as Floating Liquid Natural Gas (FLNG), FPSO and conventional platforms.
Nello Uccelletti, President of TechnipFMC’s Onshore/Offshore business, commented: “We are honored to be entrusted with the execution of this prestigious contract in West Africa which is a testimonial to our long-term partnership with BP and our leadership in the Gas Monetization industry. This award is one of our strategic “early engagement” achievements, following the successful completion by TechnipFMC of the FEED study. We look forward to collaborating with BP to unlock the full potential of this important project”.
The initial subsea infrastructure connects the first four wells consolidated through production pipelines leading to this FPSO. From here liquids are removed and the export gas is transported via a pipeline to the LNG hub terminal where the gas is liquefied.
(1)For TechnipFMC, a “large” contract ranges between $500 million and $1 billion.
Source: TechnipFMC