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TechnipFMC Awarded Significant Integrated EPCI (iEPCI™) Contract for the BP Platina Field in Angola

TechnipFMC (NYSE: FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract from BP Angola for the Platina field development, located offshore Angola in Block 18 at water depths ranging from 1,2

Benzinga · 03/10/2020 09:36

TechnipFMC (NYSE: FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract from BP Angola for the Platina field development, located offshore Angola in Block 18 at water depths ranging from 1,200 to 1,500 meters.

The contract covers the manufacture, delivery and installation of the subsea equipment including subsea trees, a production manifold with associated subsea control and connection systems, as well as rigid pipelines, umbilicals and flexible jumpers.

Arnaud Pieton, President Subsea at TechnipFMC, commented: "We are very pleased to have been selected by BP for this important deepwater development offshore Angola. We are committed to BP and to supporting the Angolan oil and gas industry. This iEPCI™ follows iFEED™ work and will utilize our local assets such as our service base in Luanda and our umbilical factory in Lobito."

(1) For TechnipFMC, a "significant" contract is between $75 million and $250 million