TechnipFMC Lands Chinese Subsea Deal
- Business & Finance
TechnipFMC has been awarded a subsea contract by CNOOC for the Liuhua 16-2, 20-2 and 21-2 oilfield joint development project in the South China Sea, at water depths ranging from 380 to 430 meters.
The contract covers the engineering, procurement and construction of subsea equipment, including 26 units of enhanced horizontal christmas trees (EHXT) as well as wellheads, subsea control systems, manifolds, tie-in systems and intervention workover control systems (IWOCS).
This contract also covers support services for the installation and commissioning, as well as the provision of a local services support base in China.
Hallvard Hasselknippe, president of TechnipFMC’s Subsea business, said: “We are proud and honored to be selected by CNOOC Limited for this contract, which is one of the largest subsea production systems contracts awarded this year in our industry. This award showcases TechnipFMC’s position as the market and technology leader for subsea equipment and services globally. We will continue our long-term, collaborative relationship with CNOOC Limited and we are committed to execution excellence through the successful long-term development of the project in China.”