TechnipFMC (NYSE:FTI) said Tuesday it has been awarded a large integrated Engineering, Procurement, Construction, and Installation contract by Aker BP for its Utsira High development.
The contract brings together three projects that will tie back to the Ivar Aasen and Edvard Grieg production platforms, the company said.
TechnipFMC will engineer, procure, construct, and install the subsea production systems, controls, pipelines, and umblicals for the development for Aker BP’s first iEPCI project.
The project follows a two-year integrated front-end engineering and design study to optimize field layout.
For TechnipFMC, a “large” contract is between $500 million and $1 billion.