BP awards subsea job in Angola to TechnipFMC
- Business & Finance
TechnipFMC has been awarded a significant integrated engineering, procurement, construction, and installation (iEPCI) contract from BP Angola for the Platina field development, located offshore Angola.
The Platina field is located in Block 18 at water depths ranging from 1,200 to 1,500 meters.
TechnipFMC said on Tuesday that the contract covers the manufacture, delivery and installation of the subsea equipment including subsea trees, a production manifold with associated subsea control and connection systems, as well as rigid pipelines, umbilicals and flexible jumpers.
Arnaud Pieton, President Subsea at TechnipFMC, commented: “We are very pleased to have been selected by BP for this important deepwater development offshore Angola. We are committed to BP and to supporting the Angolan oil and gas industry. This iEPCI follows iFEED work and will utilize our local assets such as our service base in Luanda and our umbilical factory in Lobito.”
For TechnipFMC, a “significant” contract is worth between $75 million and $250 million.
In December 2018 BP signed an agreement with Sonangol to progress to final investment decision the development of the Platina field.
Platina was BP’s first new operated development in Angola since the PSVM project in Block 31 began production in 2013. It is be the second phase of development in Block 18 – the Greater Plutonio project started up in 2007.
Discovered in 1999, the Platina field is planned to be developed as a subsea tie-back to the existing Greater Plutonio FPSO vessel.
At the time, BP said that the final investment decision for the development was anticipated in the second quarter of 2019 with first oil then expected in late 2021/early 2022. The production license extension will enable later life production from the Greater Plutonio fields as well as the future output expected from Platina.
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