TechnipFMC has been awarded a significant integrated engineering, procurement, construction, and installation (iEPCI) contract on March 10 from BP Angola for the Platina field development, located offshore Angola in Block 18 at water depths ranging from 1,200 m to 1,500 m.
The contract covers the manufacture, delivery and installation of the subsea equipment including subsea trees, a production manifold with associated subsea control and connection systems, as well as rigid pipelines, umbilicals and flexible jumpers.
“We are very pleased to have been selected by BP for this important deepwater development offshore Angola. We are committed to BP and to supporting the Angolan oil and gas industry. This iEPCI follows iFEED work and will utilize our local assets such as our service base in Luanda and our umbilical factory in Lobito,” Arnaud Pieton, president subsea at TechnipFMC, said.
For TechnipFMC, a “significant” contract is between $75 million and $250 million.
Recommended Reading
RWE Slashes Investment Upon Uncertainties in US Market
2025-03-20 - RWE introduced stricter investment criteria in the U.S. and cut planned investments by about 25% through 2030, citing regulatory uncertainties and supply chain constraints as some of the reason for the pullback.
TXO Partners CEO Bob R. Simpson to Retire
2025-03-20 - Gary D. Simpson and Brent W. Clum will serve as co-CEOs, effective April 1. Bob R. Simpson will remain chairman of the board, TXO said.
US Oil Company APA Lays Off Nearly 15% of Staff, Bloomberg News Reports
2025-03-19 - The news comes days after APA and its partners announced a successful oil discovery on their shared acreage in Alaska's North Slope.
NextEra Energy Resources CEO Rebecca Kujawa to Retire
2025-03-18 - NextEra Energy CFO Brian Bolster will become CEO for NextEra Energy Resources, and NextEra Energy Treasurer Mike Dunne will become CFO, the company says.
Williams Cos. COO Dunn to Retire
2025-03-13 - Williams Cos. COO Micheal Dunn was crediting with helping the company focus on a natural gas strategy.