Technip FMC wins “large” subsea contract for Equinor’s Rosebank oil field worth up to $1 billion

(WO) — TechnipFMC has been awarded a large integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Equinor for its Rosebank oil field project, west of the Shetland Isles in the United Kingdom. According to a company statement, the contract is valued between $500 million and $1 billion.

The contract covers the manufacturing and installation of subsea production systems, flexible and rigid pipe, and umbilicals, as well as connection to the host facility. The project will use pre-qualified equipment, which will accelerate the delivery schedule.

Umbilicals, rigid pipe, and the majority of the subsea production systems will be designed, engineered and manufactured in-country using TechnipFMC’s facilities and network of trusted local suppliers, then installed by TechnipFMC. Together, these activities will contribute significantly to value and job creation across the United Kingdom, which was an important factor in Equinor’s selection of the company for this award. TechnipFMC has committed approximately $500 million of the total award to local value creation.

Jonathan Landes, President, Subsea at TechnipFMC, commented, “We have collaborated with Equinor on Rosebank since the concept stage in 2019. Using a single interface, we tied together all the work scopes, leveraging our iEPCI™ model to reduce project complexity.”