TechnipFMC Awarded a Significant Integrated EPCI (iEPCI™) Contract for Tullow’s Jubilee South East Development, Ghana
06 Luglio 2021 - 10:15PM
Business Wire
Regulatory News:
TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a
significant(1) integrated Engineering, Procurement, Construction
and Installation (iEPCI™) contract for the Jubilee South East
development, located offshore Ghana. It will be the company’s first
iEPCI™ project with Tullow Ghana Ltd.
Jubilee South East is an extension to the Jubilee field. The
contract builds upon TechnipFMC’s established relationship with
Tullow and covers supply and offshore installation of all major
subsea equipment, including manifolds and associated controls,
flexible risers and flowlines, umbilicals, and subsea
structures.
At the pre-tendering stage, TechnipFMC utilized its Subsea
Studio™ digital solutions to help optimize field layout. Subsea
Studio™ is the company’s portfolio of design and monitoring tools
which help clients to improve economics, enhance performance, and
reduce emissions throughout the life of a project.
Jonathan Landes, President, Subsea at TechnipFMC, commented, “We
are proud to continue supporting Tullow Ghana in the development of
the Jubilee field. This is the first time Tullow has used our
iEPCI™ model, which enables us to collaborate even more closely and
simplify project delivery.
“We will continue to use our Subsea Studio™ digital solution to
optimize the development, execution, and operation of Jubilee South
East.
“We also see our work on this project as an opportunity to
further develop our local content in Ghana, with the fabrication of
a number of subsea structures, including production and water
injection manifolds, carried out in-country.”
(1) For TechnipFMC, a “significant” contract is between $75
million and $250 million.
Note: this inbound order was included in the company’s second
quarter financial results.
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About TechnipFMC
TechnipFMC is a leading technology provider to the traditional
and new energy industries, delivering fully integrated projects,
products, and services.
With our proprietary technologies and comprehensive solutions,
we are transforming our clients’ project economics, helping them
unlock new possibilities to develop energy resources while reducing
carbon intensity and supporting their energy transition
ambitions.
Organized in two business segments — Subsea and Surface
Technologies — we will continue to advance the industry with our
pioneering integrated ecosystems (such as iEPCI™, iFEED™ and
iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a
commitment to our clients’ success, and a culture of strong
execution, purposeful innovation, and challenging industry
conventions.
TechnipFMC uses its website as a channel of distribution of
material company information. To learn more about how we are
driving change in the industry, go to www.TechnipFMC.com and follow
us on Twitter @TechnipFMC.
Category: UK regulatory
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