Following a competitive tendering process, offshore engineering giant TechnipFMC announced the award of a new contract for subsea production systems by Petrobras, with the contract value ranging from $75 million to $250 million.
TechnipFMC will design, engineer, and manufacture subsea production systems to be deployed in an array of greenfield developments, brownfield expansions, and asset revitalizations across Petrobras’ extensive portfolio. The contract also covers installation support and life-of-field services, with provisions for additional equipment and services.
Jonathan Landes, President, Subsea at TechnipFMC, commented: “Leveraging our industrialized operating model, we can standardize innovative solutions and deliver the schedule certainty that Petrobras expects on its projects. We look forward to creating new value together as we build on our decades-long relationship as a trusted local partner.”
The subsea production systems will be manufactured and serviced in Brazil, utilizing local capabilities and expertise.
TechnipFMC has been awarded a contract by ExxonMobil Guyana Limited to supply subsea production systems for the Hammerhead development in Guyana’s Stabroek Block.
In addition to the above contract, TechnipFMC has been awarded a contract by ExxonMobil Guyana Limited to provide a subsea production system for the Shark Head oil field development project in Guyana’s Stabroek Block. The contract is valued between $250 million and $500 million.
TechnipFMC will provide project management, engineering, and manufacturing of subsea production systems supporting both production and water injection capabilities. The subsea architecture will include products from the Subsea 2.0® platform, including subsea trees, manifolds, and associated controls.
Jonathan Landes, President, Subsea at TechnipFMC, commented: “Hammerhead is our seventh greenfield project award from ExxonMobil Guyana since the first development was sanctioned in 2017. Our continued success stems from our ability to provide schedule certainty, built on our proven execution and the benefits of Subsea 2.0®. We look forward to continuing to deliver for ExxonMobil Guyana and strengthening our relationship through future opportunities.”