Friday 5 March 2021

TechnipFMC wins iEPCI contract for offshore Egypt project

LONDON, 15 days ago

TechnipFMC, a leader in project management and construction sector, said it has secured an  integrated engineering, procurement, construction and installation (iEPCI) contract (in the range of $75 to $250 million) from NIpetco and PetroAmriya for a subsea tieback located offshore Egypt on the North El Amriya and North Idku concession.
NIpetco and PetroAmriya are two joint ventures between Energean and Egyptian Natural Gas Holding Company (Egas) and Egyptian General Petroleum Corporation (EGPC). 
As per the deal, TechnipFMC will design, manufacture, deliver and install subsea equipment including the subsea production system, subsea trees, production manifolds, umbilicals, flexible pipelines, jumpers and associated subsea and topside controls.
This is the second project that TechnipFMC will execute for Energean using its integrated
subsea model, thereby reducing the overall cost, project interfaces and associated delivery risks, said the company in a statement.
TechnipFMC is currently partnering with Energean to develop the Karish gas field development in the Mediterranean Sea offshore Israel, it added.
Jonathan Landes, President Subsea at TechnipFMC, said: "We are proud and honoured to be selected for this important development offshore Egypt. This project award showcases our position as the market and technology leader for integrated projects globally and demonstrates the benefits of our iEPCI solution for subsea developments."
"We will continue our long-term, collaborative relationship with Energean and are pleased to work again with EGPC and Egas for the development of gas production in Egypt," he added.-TradeArabia News Service


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