Defined as substantial, meaning it is worth between $250 million and $500 million, the TechnipFMC contract covers the design and manufacture of subsea tree systems, manifolds, jumpers, controls, and services.
President of Subsea at TechnipFMC, Jonathan Landes, , said, “Shell was the first to adopt our Subsea 2.0 configure-to-order solution, and continues to deploy it across multiple basins, underscoring its commitment to the technology globally. This award further positions us for future deepwater opportunities in the region.”
The award will be included in TechnipFMC’s inbound orders this quarter of 2024.
Last week, SNEPCo, a subsidiary of the UK-headquartered Shell, made a Final Investment Decision (FID) for a deepwater oil and gas project off the coast of Nigeria, which will be developed as a subsea tie-back to an existing floating production, storage, and offloading (FPSO) unit.
