Technip, FMC Technologies win Trestakk EPCI award
- Business & Finance
The FMC Technologies and Technip alliance has received an integrated engineering, procurement, construction, and installation (EPCI) contract from Statoil for its Trestakk field in the Norwegian Sea.
The contract award comes days after Statoil submitted a Plan for Development and Operation of the Trestakk discovery on the Halten Bank to the Norwegian minister for petroleum and energy Tord Lien in Bodø, Norway.
Trestakk is an oil and associated gas field located in the Norwegian Sea in block 6406/3, production license PL091, about 27 kilometers southeast of Åsgard A. The water depth in the region is approximately 300 meters.
According to a joint press release on Friday, the contract was won based on an optimized subsea field layout, accomplished through close collaboration with Statoil during a FEED study performed by FMC Technologies’ and Technip’s joint venture Forsys Subsea.
Technip will supply the flexible riser, production flowline, gas injection line, flexible jumpers, and umbilicals. FMC Technologies will provide the subsea production system — including subsea trees and completion system, a manifold, wellheads, subsea and topside control systems — as well as tie-in hardware and tools.
“This award demonstrates that our alliance with Technip can deliver real benefits to customers by integrating our products, systems, and services,” said FMC Technologies President and CEO Doug Pferdehirt.
“It shows that customers are embracing a new way of doing business that involves engaging with us early through integrated FEED studies that can lead to integrated EPCI projects. This provides us with even greater confidence that TechnipFMC, as one company, will be uniquely positioned to deliver truly integrated projects.”
Thierry Pilenko, Technip’s Chairman and CEO, said: “Our value proposition builds on early involvement and integrated solutions. Through earlier and broader vision on projects, we can simplify subsea field architectures and thus help our clients to significantly improve project economics.”
Statoil is the operator of the Trestakk discovery with a 59.1 percent interest while the two partners, ExxonMobil Exploration and Production Norway and Eni, have a 33 and 7.9 percent interest, respectively.