TechnipFMC plc has secured an integrated engineering, procurement, construction, and installation (iEPCI) contract from TotalEnergies for its GranMorgu project on Block 58, the first oil and gas development offshore Suriname.
TechnipFMC said in a news release that the contract was major, which it defines as having a value of more than $1 billion. The company’s contracted scope for the project includes Subsea 2.0 tree systems, manifolds, connectors, and topside control equipment. It will also supply umbilicals, flexible jumpers, and flexible risers.
TechnipFMC said the project will combine its “leading subsea architecture with Saipem’s EPCI solutions and best-in-class pipelay capabilities” to accelerate time to first oil and increase schedule certainty”.
Jonathan Landes, President for Subsea at TechnipFMC, said, “We are very pleased to receive this iEPCI award for the GranMorgu project. We are bringing our new frontier experience and differentiated technology—including Subsea 2.0—while leveraging the complementary capabilities of our vessel ecosystem”.
TotalEnergies made a final investment decision (FID) for the GranMorgu development last month. The oil major said in an earlier statement that the GranMorgu project will develop the Sapakara and Krabdagu oil discoveries, where an exploration and appraisal campaign was completed in 2023. The fields are located 150 kilometers off the coast of Suriname and hold recoverable reserves estimated at over 750 million barrels.
The project features a 220,000 barrel-per-day floating production storage and offloading (FPSO) unit. The total investment is estimated at $10.5 billion, with first oil expected in 2028.
The unit features an all-electric configuration with zero routine flaring and full reinjection of associated gas in the reservoirs, reduced greenhouse gas emissions, a Waste Heat Recovery Unit, and a permanent methane detection and monitoring system.
TotalEnergies is the operator of Block 58 with a 50 percent interest, with APA Corp. holding the other 50 percent. Staatsolie has announced its intent to exercise its option to enter the development project with up to 20 percent interest.
Offshore Wind Collaboration
Meanwhile, TechnipFMC signed a collaboration agreement with Prysmian “to further accelerate the global development of floating offshore wind to help meet growing demand for renewable electricity”.
According to a separate news release, “the collaboration will leverage the unparalleled expertise of TechnipFMC’s system design and integration capabilities in dynamic offshore applications with Prysmian’s global leadership in the production and installation of submarine power cable systems”. The companies aim to deliver the optimized solution through a fully iEPCI commercial model.
Prysmian CEO Massimo Battaini said, “This agreement is a great example of a solid cooperation between two industry leaders. Prysmian’s leadership is defined by our unwavering commitment to innovation. Our tailor-made solutions for customers reinforce our capabilities to deliver groundbreaking technology worldwide, helping to drive the global energy transition”.
TechnipFMC Chair and CEO Doug Pferdehirt said, “We are excited to partner with Prysmian, the worldwide leader in cabling solutions for the energy transition and digital transformation. The collaboration strengthens both companies’ position in this emerging market by providing an integrated solution that accelerates time to first power and reduces cost, while improving overall system reliability. This innovative subsea offering will create significant value for our customers and further differentiate TechnipFMC as the leading architect for offshore energy”.
Source: rigzone.com