Equinor Awards 2 Contracts to TechnipFMC Worth $190 MM 

Equinor Awards 2 Contracts to TechnipFMC Worth $190 MM 

Norwegian state-run oil company, Equinor, has awarded two contracts to TechnipFMC for pipelaying and subsea installation for three projects on the Norwegian continental shelf (NCS), totaling $189.3 million, according to a press release.

The contracts include fabrication and laying of pipelines, installation of subsea structures, control cables and hook-up and testing of systems. The timeline for the offshore operations under contract is 2021-2023.

The three projects in question are Breidablikk and the Gas Import System for the Snorre Expansion Project, which has a subsea installation as an option, Askeladd Vest, for which a letter of intent has been issued, and finally, the Orkanger spoolbase, where the pipelines will be fabricated before they are reeled onto the installation vessel.

Peggy Krantz-Underland, Equinor’s chief procurement officer, said, “We are pleased to award TechnipFMC new large assignments within pipelaying and subsea installation on the NCS. Giving three assignments to the same supplier enables efficiency gains and cost savings. It will also allow for a coordinated follow-up of the total delivery during the implementation phase. This creates value for all parties.”

The contract pertaining to Breidablikk is subject to a final investment decision and final regulatory approval.


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