TechnipFMC Wins Major Contract From ConocoPhillips in the North Sea

Written by Paulo Nogueira Published on 23/04/2019 at 07:13

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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“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.

In the cold desert of Ladakh, where it hardly rains, engineer Sonam Wangchuk created the ice stupa, a tower that freezes winter water and stores it for irrigating crops in the spring, a simple engineering feat that mimics nature.

Almost 6,000 residents live concentrated along a single street nearly 9 km long in the interior of Poland. Houses form a continuous row, and behind them, narrow agricultural strips emerge, creating one of the most unusual rural patterns in Europe.

Júlia Pimentel, an 11-year-old from Minas Gerais, independently invented a new formula to calculate the square root using simple addition and multiplication, and her method was published in one of the most important mathematical scientific journals in Brazil.

They planted a sea of eucalyptus to produce cellulose, but the monoculture turned into a green desert, dried up springs and rivers, and pushed families out of regions in Minas Gerais and Bahia.

Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

Heir bought 23,000 degraded acres in the Scottish Highlands, fenced the area, planted nearly 1 million native trees, and transformed empty mountains into a forest officially recognized after meeting 15 evaluation criteria over 20 years.

The Atacama Desert, the driest place on Earth, was covered in flowers and turned into a colorful carpet with more than 200 species in the phenomenon called “desert bloom,” when atypical rains awaken seeds that had remained dormant in the soil for many years.

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