TechnipFMC awarded large iEPCI contract for Equinor’s Rosebank project

TechnipFMC (FTI) has been awarded a large integrated Engineering, Procurement, Construction, and Installation contract by Equinor (EQNR) for its Rosebank project, west of the Shetland Isles in the United Kingdom. The contract covers the manufacture and installation of subsea production systems, flexible and rigid pipe, and umbilicals, as well as connection to the host facility. The project will use pre-qualified equipment, which will accelerate the delivery schedule. Jonathan Landes, President, Subsea at TechnipFMC, commented: “We have collaborated with Equinor on Rosebank since the concept stage in 2019. Using a single interface, we tied together all the work scopes, leveraging our iEPCI model to reduce project complexity. We are proud that our track record and proven technology have earned Equinor’s confidence that we will deliver this significant project.” For TechnipFMC, this is considered a “large” contract – between $500M and $1B. This award was included in inbound orders in the first quarter of 2023.