FMC Technologies, a U.S.-based supplier of subsea system for the oil and gas industry, has signed an agreement with Australia’s Woodside for the design, manufacture and supply of subsea production systems for an offshore project in Australia.
The deal, valued at $180 million, is for the delivery of the FMC equipment for the development of the Greater Western Flank Phase 2 (GWF-2) Project as part of the North West Shelf (NWS) Project in Western Australia.
The contract is valued at approximately $180 million for FMC Technologies and includes: subsea production trees, wellheads, manifolds, subsea and topside controls, and flowline connection systems. Deliveries are expected to begin in 2016 and continue through 2018.
Tore Halvorsen, Senior Vice President, Subsea Technologies at FMC said: “Our continued collaboration on the North West Shelf Project further solidifies the 20-year relationship between FMC Technologies and Woodside. This development assists with the timely and efficient commercialization of the project’s gas reserves.”
The GWF-2 Project is the fourth major gas development for the NWS Project in the last seven years and is expected to develop 1.6 trillion cubic feet of raw gas from its combined six fields using subsea infrastructure and 21.7 miles (35 kilometers) of 16 inch pipeline connecting to the existing Goodwyn A platform.
The GWF-2 Project is expected to begin production in 2019.