TechnipFMC wins “significant” subsea contract worth up to $250 million for OMV’s natural gas development
(WO) — TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction, and Installation (iEPCI) contract by OMV (Norge) AS for its Berling natural gas development project. It will be OMV’s first iEPCI project in Norway as operator. According to a company statement, the contract is worth between $75 million and $250 million.
TechnipFMC will design and install the subsea production systems, controls, pipelines, and umbilicals for the development on the Norwegian Continental Shelf.
The award follows a six-month integrated Front End Engineering and Design (iFEED) study, which optimized the field layout and improved the project’s economics by confirming the suitability of thermally insulated pipe-in-pipe technology for the flowline used in this tieback.
Jonathan Landes, President, Subsea at TechnipFMC, commented, “We’re proud to have OMV join the growing number of clients who are experiencing the benefits of our integrated project execution model. Through iFEED, we demonstrated that iEPCI provides a solution which will accelerate delivery of this development. We are excited to support OMV through its first project as operator in the North Sea.”