HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 24.Mar.2025) — Norway’s Equinor awarded TechnipFMC a large integrated Engineering, Procurement, Construction, and Installation (iEPCI™) 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.
The Johan Sverdrup field, which originally began production in 2019, is now 1 of the largest developments in the region. This latest phase will increase production by tying in additional wells to the current infrastructure, which is powered by low-emission resources onshore.
