TechnipFMC Wins Merakes Contract Estimated at $500 Million

Written by Paulo Nogueira

Published on 25/03/2019 at 06:07

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TechnipFMC Was Awarded A Major Integrated Engineering, Procurement, Construction, Transportation, And Installation (iEPCI) Contract By Eni For The Merakes Project, Located Off The Coast Of Balikpapan In Indonesia, At A Depth Of Approximately 1,500 Meters.

TechnipFMC said on Monday that the contract value is between US$ 500 million and US$ 1 billion and covers five deep-water wells, and its 50-kilometer tie-back to the existing Jangkrik Floating Production Unit in Indonesia. It is worth noting that Eni began gas production from the Jangkrik development project in May 2017.

The company’s project scope includes engineering, procurement, installation, and pre-commissioning of subsea equipment, such as subsea trees, high-pressure flexible pipes, umbilical tubes and distribution hardware, flexible risers, flowlines, and jumpers.

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Arnaud Piéton, President Subsea of TechnipFMC remarked: “This award demonstrates our leadership in iEPCI: an example of how through collaboration and engagement with our client, we are simplifying the subsea field architecture, enabling long tie-backs and accelerating time to market production, all important drivers for Eni and Indonesia.”

The Merakes field, which is located in the East Sepinggan PSC in the Makassar Strait on the eastern coast of Kalimantan, is estimated to contain around 2 trillion cubic feet of gas in place.

Eni received approval for the Development Plan (POD) for the Merakes field from the Indonesian Minister of Energy in April 2018, just three months after the plan was submitted and less than eleven months after Eni began production from its deep-water asset in Indonesia, the Jangkrik field complex in the Muara Bakau PSC.

In December 2018, Eni’s investment plan for the Merakes field was approved by the company’s board of directors.

Eni is the operator of the East Sepinggan Contract Area through its subsidiary Eni East Sepinggan Limited, which holds 85% of the participating interest, while PT Pertamina Hulu Energi East Sepinggan holds the remaining 15% stake.

TechnipFMC Wins Merakes Contract Estimated at $500 Million

TechnipFMC Was Awarded A Major Integrated Engineering, Procurement, Construction, Transportation, And Installation (iEPCI) Contract By Eni For The Merakes Project, Located Off The Coast Of Balikpapan In Indonesia, At A Depth Of Approximately 1,500 Meters.

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