TechnipFMC awarded subsea contract for Equinor’s Irpa development

TechnipFMC (FTI) has been awarded a significant contract for subsea production systems by Equinor (EQNR) for its Irpa oil and gas development on the Norwegian Continental Shelf. Awarded under the companies’ framework agreement, the contract covers the supply and installation support of subsea trees, control systems, structures, and connections, as well as tooling. Jonathan Landes, President, Subsea at TechnipFMC, commented: "This project will utilize our standardized production system, which was designed to meet the specific demands of the Norwegian Continental Shelf. The award demonstrates Equinor’s confidence in our technology, quality, and ability to deliver. We’re delighted to continue supporting them." For TechnipFMC, a "significant" contract is between $75M and $250M.