TechnipFMC Wins Major Contract for Brazilian Pre-Salt Field
The award is for Equinor's BM-C-33 development in Campos Basin.
TechnipFMC said on 10 May that it had been awarded a contract by Equinor for an integrated engineering, procurement, construction, and installation (EPCI) project for work at the recently sanctioned BM-C-33 field offshore Brazil.
Equinor and its partners on the project—Repsol Sinopec Brasil and Petrobras—made the final investment decision to move forward with the $9 billion development project.
Located in the Campos Basin around 200 km from shore in water depths up to 2900 m, BM-C-33 comprises three different pre-salt discoveries—Pão de Açúcar, Gávea and Seat—containing natural gas and oil/condensate recoverable reserves above 1 billion BOE.
The UK-based contractor said the contract covers the entire subsea system, including TechnipFMC's Subsea 2.0 tree systems, manifolds, jumpers, risers and flowlines, umbilicals, pipeline end terminations, subsea distribution and topside control equipment, and installation. The company will also be responsible for life-of-field services.
The company described the contract as major, with a value of more than $1 billion.
The contract award follows the conclusion of the front-end engineering and design study awarded to TechnipFMCin July 2022. The study included an option to proceed with a direct award to the contractor for the iEPCI phase of the project.
Equinor operates BM-C-33 and holds a 35% stake in the project. Partners in the development include Repsol Sinopec Brasil (35%) and Petrobras (30%).
Repsol Sinopec made the BM-C-33 discoveries in 2010. Equinor became operator in 2016.