TechnipFMC has been awarded an extension to its ongoing engineering, procurement and construction (EPC) contract from Statoil in the Norwegian sector of the North Sea.
TechnipFMC informed on Tuesday that the ongoing EPC project covers the provision of subsea equipment including template structure, manifold and two subsea trees including wellheads and modifications of control systems to the Visund Nord IOR (Improved Oil Recovery) project, whereas the extension includes installation of the template structure and manifold as well as delivery and installation of flowline spool and umbilical.
The project will be executed as an integrated engineering, procurement, construction and installation (iEPCI).
Hallvard Hasselknippe, President Subsea Projects of TechnipFMC, commented: “This is our second iEPCI contract with Statoil. Our first iEPCI contract for the Trestakk project is progressing well and we are very honored that Statoil has again selected us for the Visund Nord development.”
Statoil-operated Visund is an oil and gas field 22 kilometers north-east of the Gullfaks field in the Tampen area of the Norwegian North Sea. Developed with a floating production, drilling and quarters platform, the field came on stream in 1999. The subsea-completed wells on the field are tied back to the floater with flexible risers. Oil is piped to Gullfaks for storage and export. The Visund field began producing gas in October 2005.
Visund Nord is a oil and gas field located 10 kilometers from the Visund A platform. The field is developed by means of a subsea installation with two wells and is tied back to the Visund A platform. The field started producing in November 2013. Its volumes have been estimated at around 29 million barrels of oil equivalents.
This is a second contract award for TechnipFMC in just a week. Namely, TechnipFMC last Wednesday entered into a three-year frame agreement with Woodside Energy in Australia for riserless light well intervention (RLWI) and subsea services, including intervention, installation, and plug and abandonment services.
Also, TechnipFMC on Tuesday bought Sevan Marine’s shares in the topside specialist Kanfa.
Offshore Energy Today Staff