TechnipFMC Awarded a Significant Integrated EPCI (iEPCI™) Contract for the ConocoPhillips TOR II Development
23 Avril 2019 - 7:00AM
Business Wire
TechnipFMC (Paris:FTI) (NYSE:FTI) has been awarded a
significant(1) integrated Engineering, Procurement, Construction
and Installation (iEPCI™) contract from ConocoPhillips for the TOR
II development, located in the Norwegian sector of the North Sea at
a water depth of 80 meters.
This contract covers the delivery and installation of a subsea
production system including installation of umbilical, rigid
flowlines and associated subsea equipment.
Arnaud Pieton, President Subsea at TechnipFMC, commented: “This
is the first iEPCI™ award by ConocoPhillips. Through early
engagement and collaboration, with ConocoPhillips we engineered an
integrated subsea solution enabling first oil sooner than with a
traditional project execution. We have partnered with
ConocoPhillips in the Ekofisk area on several projects and are
honored that ConocoPhillips is expanding its scope with us,
embracing our innovative and comprehensive approach”.
(1)For TechnipFMC, a “significant” contract ranges between $75
million and $250 million.
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Forward-Looking Statement
This release contains "forward-looking statements" as defined in
Section 27A of the United States Securities Act of 1933, as
amended, and Section 21E of the United States Securities Exchange
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About TechnipFMCTechnipFMC is a global leader in subsea,
onshore/offshore, and surface projects. With our proprietary
technologies and production systems, integrated expertise, and
comprehensive solutions, we are transforming our clients’ project
economics.
We are uniquely positioned to deliver greater efficiency across
project lifecycles from concept to project delivery and beyond.
Through innovative technologies and improved efficiencies, our
offering unlocks new possibilities for our clients in developing
their oil and gas resources.
Each of our more than 37,000 employees is driven by a steady
commitment to clients and a culture of purposeful innovation,
challenging industry conventions, and rethinking how the best
results are achieved.
To learn more about us and how we are enhancing the
performance of the world’s energy industry, go to
TechnipFMC.com and follow us on Twitter
@TechnipFMC.
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