TechnipFMC awarded large contract for AKER BP’s Utsira High development

TechnipFMC (FTI) has been awarded a large integrated Engineering, Procurement, Construction, and Installation contract by Aker BP (DETNF) for its Utsira High development. The contract brings together three projects that will tie back to the Ivar Aasen and Edvard Grieg production platforms. TechnipFMC will engineer, procure, construct, and install the subsea production systems, controls, pipelines, and umblicals for the development, which is Aker BP’s first iEPCI project. It follows a two-year integrated front-end engineering and design study to optimize field layout. For TechnipFMC, a "large" contract is between $500M and $1B.