LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Jan. 9, 2019-- TechnipFMC (NYSE: FTI) (Paris: FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract by BP for the Atlantis Phase 3 project.
Following final investment decisions from all partners, TechnipFMC will manufacture, deliver and install subsea equipment, including subsea tree systems, manifolds, flowline, umbilicals and subsea tree jumpers, pipeline end terminations, subsea distribution and topside control equipment.
This contract also includes provisional services for tooling and personnel required to install the hardware.
Arnaud Pieton, President Subsea, commented: “We are very pleased TechnipFMC has been awarded aniEPCI™ contract for the Phase 3 development of the BP Atlantis project. This award reinforces TechnipFMC’s position as the market and technology leader for subsea equipment and demonstrates the added value of iEPCI™ - our unique integrated offering. We look forward to extending our successful relationship with BP on the Atlantis project in the Gulf of Mexico.”
The Atlantis Phase 3 field is located approximately 150 miles south of New Orleans at a water depth of roughly 2,100 meters (6,800 feet) and will be tied back to the existing platform.
(1)For TechnipFMC, a “significant” contract is between $75 million and $250 million.
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About TechnipFMC
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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Source: TechnipFMC
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