TechnipFMC awarded subsea project by Equinor for Verdande field

TechnipFMC (FTI) has been awarded a significant contract for the subsea production system for Equinor’s (EQNR) Verdande project on the Norwegian Continental Shelf. The contract – awarded under TechnipFMC’s framework agreement with Equinor – covers the complete subsea production system including subsea trees and structures, control systems, connections, tooling, and installation support. Jonathan Landes, President, Subsea at TechnipFMC, commented: "This latest contract highlights the close relationship we have with Equinor under the framework agreement. We are delighted that Equinor is once again placing trust in our technology." For TechnipFMC, a "significant" contract is between $75M and $250M.