TechnipFMC Joins Breidablikk Development With EPCI contract
The EPCI contract for the Breidablikk development includes provision of flexible jumpers and rigid pipelines as well as pipeline installation work. About 70% of the value creation in the Breidablikk development phase is expected to go to Norwegian companies.
Equinor brought on another contractor for its Breidablikk development in the North Sea. The company awarded engineering group TechnipFMC an engineering, procurement, construction, and installation (EPCI) contract worth between $75 million and $250 million for the Breidablikk pipelay, including option for the subsea Installation located in the area close to the Grane field in the North Sea.
TechnipFMC’s scope of work includes provision of flexible jumpers and rigid pipelines as well as pipeline installation work.
Breidablikk is a large oil discovery on the Norwegian Continental Shelf located northeast of the Grane field in the North Sea. Expected production from the field is about 200 million bbl with investments totaling about $2 billion. Breidablikk will be developed as a subsea field with a tieback to the Grane platform. Production from Grane will be monitored with digital tools from Equinor's integrated operations center (IOC) at Sandsli, Norway.
TechnipsFMC’s contract follows a series of recent contracts awarded for Breidablikk over the the past month.
In early October, Equinor issued a letter of intent to Odfjell Drilling and the Deepsea Aberdeen rig for drilling of 15 wells for the Breidablikk group.
In late September, Aker Solutions was awarded a $264-million contract, including options, for the delivery of a subsea production system for the development.
Wood was also awarded an $84-million EPCI contract for the development following successful delivery of the front-end engineering design (FEED) study, which was awarded with the EPCI scope option in 2019.
About 70% of the work in the development phase is expected to go to Norwegian companies. The project development is subject to final approval by Norwegian authorities, and contracts are subject to government approval of the plan for development and operation.