TechnipFMC wins two Equinor contracts valued up to $500 million

UK subsea player TechnipFMC has been awarded two significant contracts with Equinor to help develop a pair of fields offshore Norway.

TechnipFMC considers a significant contract as worth between $75 million and $250 million, suggesting the deals together could be valued around $500 million.

The first contract is for the subsea production system for the Irpa oil and gas development, including the manufacture and supply of subsea trees, control systems, structures, connections and tooling.

“This project will utilise our standardised production system, which was designed to meet the specific demands of the Norwegian continental shelf,” said TechnipFMC subsea president Jonathan Landes.