TechnipFMC bags two new contracts from Equinor

UK’s oilfield services company, TechnipFMC, has bagged two new contracts from Norway energy major Equinor, Kallanish Energy reports.

The deals are worth up to $189.7 billion and comprise pipelaying and subsea installation for projects in the Norwegian Continental Shelf, Equinor said on Tuesday. It covers the Breidablikk project and a gas import system for the Snorre expansion project.

There’s also scope for a new contract for the Askeladd Vest project, which the parties signed a Letter of Intent for. All the offshore works will be carried out between 2021 and 2023.

“Giving three assignments for the same supplier enables efficiency gains and cost savings,” noted Equinor’s chief procurement officer Peggy Krantz-Underland. “It will also allow for a coordinated follow-up of the total delivery during the implementation phase. This creates values for all parties.”

TechnipFMC will be in charge of the fabrication and laying of pipelines, installation of subsea structures, control cables, and hook-up and testing of systems.

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