MOSCOW (MRC) -- TechnipFMC has been awarded a large Engineering, Procurement, Construction and Installation (EPCI) contract by Petrobras, said the company.
The contract covers flexible and rigid pipe, umbilicals, pipeline end terminals, rigid jumpers, umbilical termination assemblies and a mooring system.
Jonathan Landes, President, Subsea at TechnipFMC, commented: "We are excited to announce this award, which demonstrates the continuing strength of the subsea market in Brazil and our collaborative relationship with Petrobras. We used our deep understanding of the client’s needs to arrive at technological solutions developed specifically for the Buzios 6 field."
The flexible pipe, umbilicals and subsea structures, as well as some of the rigid pipe, will be manufactured in Brazil using skills and competencies the Company has developed in-country, while minimizing the carbon footprint associated with transportation and installation. The project will also utilize our established and qualified Brazilian supply chain.
The company describes a large contract as one that is valued between USD500m and USD1bn.
The company plans to manufacture the flexible pipes, umbilicals, subsea structures, and some rigid pipes in Brazil. This will significantly reduce the carbon footprint associated with the transportation of the units.
As per MRC, TechnipFMC has announced the launch of the placement of 16 million Technip Energies shares, representing ca. 9% of Technip Energies’ issued and outstanding share capital, through a private placement by way of an accelerated bookbuild offering. Upon completion of the Placement, TechnipFMC would retain a direct stake of ca. 22% of Technip Energies’ issued and outstanding share capital.
We remind, SIBUR, the largest petrochemical complex in Russia and Eastern Europe, and Technip Energies, an international engineering company, have entered into an agreement on cooperation in the field of technology for the production of Hexen-1 comonomer used in the production of linear polyethylene (LDPE) and low-pressure polyethylene (HDPE). The HEXSIB technology is a proprietary development of NIOST specialists, one of the main research centers of SIBUR.
MRC