TechnipFMC wins significant iEPCI™ contract for Equinor’s Johan Sverdrup Phase 3 offshore Norway
TechnipFMC has been awarded a large(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Equinor for the Johan Sverdrup Phase 3 development in the Norwegian North Sea.
The Johan Sverdrup field, which originally began production in 2019, is now one of the largest developments in the region. This latest phase will increase production by tying in additional wells to the current infrastructure, which is powered by low-emission resources onshore.
“It is a privilege to contribute once again to the development of this field, where we delivered subsea production systems for each of the previous phases," commented Jonathan Landes, President, Subsea at TechnipFMC. We are excited to leverage our iEPCI™ integrated execution model to further enhance this world-class offshore asset.”
This direct award follows an integrated Front End Engineering and Design (iFEED®) study. TechnipFMC will design, manufacture, and install subsea production systems, umbilicals, and rigid pipe that will tie new templates into the existing Johan Sverdrup field center.
(1) For TechnipFMC, a “large” contract is between $500 million and $1 billion. This award will be included in inbound orders in the first quarter of 2025.
