TechnipFMC Wins Major Contract From ConocoPhillips in the North Sea

Written by Paulo Nogueira

Published on 23/04/2019 at 07:13

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TechnipFMC Received A Significant Engineering, Procurement, Construction, And Installation (iEPCI) Contract From ConocoPhillips For The Development Of Tor II, Located In The Norwegian Sector Of The North Sea At A Water Depth Of 80 Meters.

TechnipFMC announced on Tuesday that this contract covers the delivery and installation of a subsea production system, including the installation of rigid flowlines, umbilicals, and associated subsea equipment. The contract value is between US$ 75 million and US$ 250 million.

Arnaud Pieton, President Subsea Of TechnipFMC, Commented: “This Is The First iEPCI Contract From ConocoPhillips. Through Early Engagement And Collaboration With ConocoPhillips, We Designed An Integrated Subsea Solution That Enables First Oil Sooner Than With Traditional Project Execution.

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Paulo Nogueira

“We Partnered With ConocoPhillips In The Ekofisk Area On Various Projects And We Are Honored That ConocoPhillips Is Expanding Its Scope With Us, Embracing Our Innovative And Comprehensive Approach.”

Tor Is An Oil And Gas Field Located 13 Kilometers Northeast Of The Ekofisk Complex, At A Water Depth Of 70 Meters. The Field Was Discovered In 1970 And Started Production In 1978. Production Was Closed On January 1, 2016, After 37 And A Half Years Of Operation.

The Tor 2/4 E Is A Combined Accommodation And Processing Platform That Was Installed In 1975. The Accommodation Module Was Replaced In 1982 And Has 92 Beds. According To The Formal Decommissioning Resolution, The Installation Must Be Removed By The End Of 2022. A Field Redevelopment Is Planned.

The Field Is Primarily Located In Block 2/4 In Production License 018, But A Small Portion Extends Into Block 2/5 In PL 006. The Reservoir Is Located At A Depth Of About 3200 Meters. ConocoPhillips Is The Operator With A 30.66% Equity Stake.

It Is Worth Noting That ConocoPhillips Recently Signed A Contract To Sell Two ConocoPhillips Subsidiaries In The United Kingdom To Chrysaor For US$ 2.675 Billion, Plus Interest And Usual Adjustments.

TechnipFMC Wins Major Contract From ConocoPhillips in the North Sea

TechnipFMC Received A Significant Engineering, Procurement, Construction, And Installation (iEPCI) Contract From ConocoPhillips For The Development Of Tor II, Located In The Norwegian Sector Of The North Sea At A Water Depth Of 80 Meters.

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TechnipFMC Wins Major Contract From ConocoPhillips in the North Sea

TechnipFMC Received A Significant Engineering, Procurement, Construction, And Installation (iEPCI) Contract From ConocoPhillips For The Development Of Tor II, Located In The Norwegian Sector Of The North Sea At A Water Depth Of 80 Meters.

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For 45 years, Spain and Morocco have been trying to connect Europe to Africa through a project of just 14 kilometers in the Strait of Gibraltar, and an active tectonic fault on the seabed continues to make the project nearly impossible.

At just 14 years old, a boy creates a system without energy, using steel pipes buried in the ground, that irrigates seedlings with moisture from the air, to combat the water scarcity threatening reforestation in northern China.

Where there was only sand and wind at 40 degrees, China built a megacity of 500,000 inhabitants with farms, wineries, and universities in the middle of the desert using melted glacier water from hundreds of kilometers away.

Scientists reveal a new method using solar light that transforms plastic into vinegar and could change the game against pollution, converting waste into a sustainable solution with future global impact.

Chinese cities surprise the world by installing cannons on construction sites that shoot atomized mist with a range of 120 meters to knock down airborne dust particles. The equipment reduces suspended dust by up to 90%, and 61 municipalities opened bids for the system in a single year.

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