NEWCASTLE & HOUSTON, November 14, 2024 — TechnipFMC (NYSE: FTI) (“the Company”) has been awarded a major(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by TotalEnergies for its GranMorgu project on Block 58, the first oil and gas development offshore Suriname.
This iEPCI™ award supports the development of an emerging frontier and is enabled by the Company’s vessel ecosystem. The project will combine TechnipFMC’s leading subsea architecture with Saipem’s (MILAN:SPM) EPCI solutions and best-in-class pipelay capabilities—notably J-Lay, the optimal solution given the location offshore Suriname—to accelerate time to first oil and increase schedule certainty.
TechnipFMC’s contracted scope for the project includes Subsea 2.0® tree systems, manifolds, connectors, and topside control equipment. The Company will also supply umbilicals, flexible jumpers, and flexible risers.
Jonathan Landes, President, Subsea at TechnipFMC commented: “We are very pleased to receive this iEPCI™ award for the GranMorgu project. We are bringing our new frontier experience and differentiated technology—including Subsea 2.0®—while leveraging the complementary capabilities of our vessel ecosystem.”
(1) For TechnipFMC, a “major” contract is more than $1 billion, and this represents the value of the contracted scope awarded to the Company. This award will be included in inbound orders in the fourth quarter of 2024.
