LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Jan. 29, 2019-- TechnipFMC (Paris:FTI) (NYSE:FTI) has been awarded a substantial(1) integrated Engineering, Procurement, Construction and Installation (iEPCITM) contract from Lundin Norway for the Luno II and Rolvsnes development, located in the North Sea at a water depth of 110 meters.
The contract covers the delivery and installation of subsea equipment including umbilicals, rigid flowlines, flexible jumpers and subsea production systems.
Arnaud Piéton, President Subsea at TechnipFMC, commented: “This award demonstrates our leadership position in iEPCITM for complete subsea developments. Our strong value proposition builds on early involvement and integrated solutions. By simplifying subsea field architecture, we help our clients improve their project economics. We are honored that Lundin Norway is embracing our innovative and comprehensive solutions, engaging with us early through iFEEDTM (integrated FEED) studies and realizing the full scope through an integrated EPCI, finding within TechnipFMC all the architects, the competencies, the equipment and services necessary to support this project.”
(1)For TechnipFMC, a “substantial” contract ranges between $250 million and $500 million.
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TechnipFMC 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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