TechnipFMC Scoops Up Lundin iEPCI Contract
- Business & Finance
TechnipFMC has been awarded an integrated engineering, procurement, construction and installation (iEPCI) contract from Lundin Norway for the Luno II and Rolvsnes development in the North Sea.
The contract, said to be worth between $250 million and $500 million, covers the delivery and installation of subsea equipment at a water depth of 110 meters, including umbilicals, rigid flowlines, flexible jumpers and subsea production systems.
Arnaud Piéton, president Subsea at TechnipFMC, said: “This award demonstrates our leadership position in iEPCI for complete subsea developments.
“By simplifying subsea field architecture, we help our clients improve their project economics. We are honored that Lundin Norway is embracing our innovative and comprehensive solutions, engaging with us early through iFEED (integrated FEED) studies and realizing the full scope through an integrated EPCI, finding within TechnipFMC all the architects, the competencies, the equipment and services necessary to support this project.”