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.

A Chinese factory in Guangdong is assembling a humanoid robot every 30 minutes while Tesla, Figure, and Boston Dynamics still struggle to deliver 10 thousand per year.

In Niger, mud buildings have stood for ten generations while the world spends billions on concrete and steel, now African architects are proving at the Venice Biennale and in real projects that red earth can be the smartest and most sustainable building material of the 21st century.

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

Secret chamber sealed 4,500 years ago found in the Pyramid of Khufu, and Hawass announces its opening to the world in 2026

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

A public school student single-handedly created a machine capable of treating water for up to 50 people using only solar energy. It was awarded third place at one of the most important science fairs in the world.

Germany installed vertical solar panels on a lake in Bavaria, and the result broke conventional logic: instead of producing energy at midday peak, the plant generates more early in the morning and in the evening, exactly when families turn on appliances and factories are in full swing.

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Man builds heated underground bunker in the middle of the forest using only earth, wood, and wood fire to create a camouflaged refuge.