TechnipFMC issues first-quarter highlights

April 28, 2022
TechnipFMC has signed two agreements with major oil and gas companies during the first quarter.

Offshore staff

HOUSTON — TechnipFMC has signed two agreements with major oil and gas companies during the first quarter, the company said in its latest statement.

One was a frame agreement to provide subsea production systems for TotalEnergies’ brownfield developments in Block 17 offshore Angola.

Subsea 2.0 products employ standardized components that, according to TechnipFMC, are pre-engineered and qualified. This is said to allow equipment to be swiftly configured according to each project’s specific requirements, speeding up manufacturing processes and reducing times to first production.

Shell and TechnipFMC signed an agreement to explore synergies to enable offshore renewable energy generation and reduce CO2 emissions.

In another renewable energy development, TechnipFMC’s partner Magnora Offshore Wind signed an option to lease agreement with the Crown Estate Scotland for the ScotWind N3 area, 40 km offshore Scotland’s Western Isles.

The agreement covers a 103-sq-km (39.8-sq-mile) area in water depths of 106 m to 125 m (348 ft to 410 ft). The planned project involves installing 33 15-MW floating wind turbines to form a wind farm with capacity of 495 MW.

04.28.2022

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