TechnipFMC scoops Pyxis job from Woodside
- Business & Finance
TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction and Installation (EPCI) contract by Woodside for the development of the Pyxis and Xena fields, located offshore North West Australia.
As reported on Thursday, Woodside made a Final Investment Decision for its Pyxis Hub Project last August and awarded key contracts to support the design and installation of subsea equipment infrastructure. The project comprises the subsea tieback of the Pyxis, Pluto North, and Xena 2 infill wells.
In a statement on Friday, TechnipFMC said it would design, manufacture, deliver and install subsea equipment including subsea production system, flexible flowlines and umbilicals.
For TechnipFMC, a “significant” contract is worth between $75 million and $250 million.
This contract is the first call-off under the recently executed five-year EPCI Frame Agreement between TechnipFMC and Woodside. The frame agreement allows collaborative development of projects for Woodside through early engagement and utilization of TechnipFMC integrated execution solutions.
Arnaud Piéton, President Subsea at TechnipFMC, commented: “We are very pleased to have signed a five-year Frame Agreement with Woodside that leads to this first contract under this agreement. This iEPCITM contract combines our integrated subsea solution with our Subsea 2.0 products and illustrates TechnipFMC’s complete offering. We value our long-term, collaborative relationship with Woodside and are committed to bring the best in the execution of this project.”
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