The contract is for engineering, procurement, construction and installation (EPCI) work at TotalEnergies’ Lapa North East field in the presalt Santos Basin offshore Brazil. (Source: Shutterstock.com)
TechnipFMC Plc said TotalEnergies SE had awarded the company a “significant” subsea contract for a project in presalt Brazil.
The value of the contract was not disclosed, but for TechnipFMC a significant contract is between $75 million and $250 million, according to the company press release on Sept. 14.
“The Brazilian offshore market is becoming more diverse with regard to work scope and customer opportunity,” commented Jonathan Landes, president, subsea, at TechnipFMC.
The contract is for engineering, procurement, construction and installation (EPCI) work at TotalEnergies’ Lapa North East field in the presalt Santos Basin offshore Brazil.
TotalEnergies had acquired 35% interest in the Lapa Field along with operatorship as part of a transfer of rights transaction with Petrobras in 2018. Other partners in the Lapa Field located in Block BM-S-9A include Shell Plc (30%), Repsol-Sinopec (25%) and Petrobras (10%).
“On Lapa North East,” Landes continued in his statement on Sept. 14, “we are working with a valued client with whom we have built a trusted relationship. By offering the flexibility of a phased campaign, we are helping TotalEnergies accelerate its schedule and begin production sooner.”
As part of the EPCI contract award, TechnipFMC will reconfigure and install umbilicals and flexible pipe in a new configuration that will further secure the production of the field.
Recommended Reading
Spartan Delta Ups Bought Deal Financing to $59MM
2025-01-14 - Underwriters have agreed to purchase approximately 22.2 million of Spartan Delta Corp. common shares, for resale to the public, at CA$3.82 per share (US$2.66), the company said.
Riverstone’s Leuschen Plans to IPO Methane-Mitigation-Focused SPAC
2025-01-14 - The SPAC will be Riverstone Holdings co-founder David Leuschen’s eighth, following the Permian Basin’s Centennial Resources, the Anadarko’s Alta Mesa Holdings and the Montney’s Hammerhead Resources.
Gigablue Enters CCS Agreement with Investment Firm SkiesFifty
2025-01-14 - Carbon removal company and investment firm SkiesFifty have partnered to sequester 200,000 tons of CO2 over the next four years.
Hess Midstream Signs Deal to Repurchase $100MM of Class B Units
2025-01-14 - Hess Midstream said the repurchase is expected to result in increased distributable cash flow per Class A share.
Plains All American Prices First M&A Bond of Year
2025-01-13 - U.S. integrated midstream infrastructure company Plains All American Pipeline on Jan. 13 priced a $1 billion investment-grade bond offering, the year's first to finance an acquisition.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.