HOUSTON, TEXAS (By Ofelia Paredes, Energy Analytics Institute, 24.Mar.2025, Words: 164) â Norway’s Equinor awarded TechnipFMC a large integrated Engineering, Procurement, Construction, and Installation (iEPCIâą) contract for the Johan Sverdrup Phase 3 development in the Norwegian North Sea.
The contract value is between $500mn-$1bn, and the award will be included in inbound orders in the first-quarter 2025, TechnipFMC announced on 24 Mar. 2025 in an official statement.