TechnipFMC (NYSE: FTI) has been awarded a significant(1) engineering, procurement, construction and installation (EPCI) contract by TotalEnergies for its Lapa North East field in the pre-salt Santos Basin offshore Brazil.
TechnipFMC will reconfigure and install umbilicals and flexible pipe in a new configuration that will further secure the production of the field.
Jonathan Landes, President, Subsea, at TechnipFMC, commented: “The Brazilian offshore market is becoming more diverse with regard to work scope and customer opportunity. On Lapa North East, we are working with a valued client with whom we have built a trusted relationship. By offering the flexibility of a phased campaign, we are helping TotalEnergies accelerate its schedule and begin production sooner.”
(1)For TechnipFMC, a “significant” contract is between $75 million and $250 million.