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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“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.

The Soviet Union spent 22 years drilling into the Earth’s crust and reached a depth of 12,262 meters — they found water where it was thought impossible, hydrogen bubbling from the rock, granite that is 2.7 billion years old, and temperatures of 180 degrees that melted the drill bits.

Egypt wants to draw 10 million cubic meters of water from the Nile per day into the desert, irrigate a new agricultural frontier, and build a city where there is currently only sand.

Norway is drilling 27 kilometers of rock 392 meters below the bottom of a fjord to build the world’s largest and deepest underwater road tunnel — when completed, a 21-hour journey will be reduced to 10.

An astronaut spent 340 days in space while his twin brother stayed on Earth, and NASA found a “rejuvenating” effect, genes, microbiome, cognition, and immune system that revealed the biological cost of living outside the planet.

Xiaomi launches new smart stove with titanium sensor and automatic shutdown that detects an open flame without supervision.

China has just successfully tested the world’s first ground effect maritime vehicle, a craft that flies up to 6 meters above the water at 200 km/h, uses quantum technology and 6G communication, and can rescue patients in the middle of the ocean.

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Brazil imports 85% of the fertilizers that sustain its agribusiness, and new global tension exposes a silent risk in the field: without potassium, phosphorus, and nitrogen at the right time, the next harvest could become more expensive even before entering the soil.

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