TechnipFMC Inks Subsea Deal for Lapa North East Development

(Energy Analytics Institute, 14.Sep.2022) — TechnipFMC (NYSE: FTI) was awarded a significant engineering, procurement, construction and installation (EPCI) contract valued between $75mn-$250mn by TotalEnergies for the French company’s Lapa North East field in the pre-salt Santos Basin offshore Brazil.

Under the deal TechnipFMC will reconfigure and install umbilicals and flexible pipe in a new configuration that will further secure the production of the field, the Paris-based company announced 14 September 2022 in an official statement.

“The Brazilian offshore market is becoming more diverse with regard to work scope and customer opportunity,” TechnipFMC President, Subsea Jonathan Landes said in the statement.

“On Lapa North East, we are working with a valued client with whom we have built a trusted relationship. By offering the flexibility of a phased campaign, we are helping TotalEnergies accelerate its schedule and begin production sooner,” Landes added.

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By Ian Silverman. © Energy Analytics Institute (EAI). All Rights Reserved.