TechnipFMC secures “large” subsea contract worth up to $1 billion for Katlan project in Mediterranean Sea

(WO) — TechnipFMC has been awarded a large integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Energean for its Katlan offshore development in the Mediterranean Sea. According to an online statement, the contract is worth between $500 million and $1 billion.

This is Energean’s first project to use TechnipFMC’s configure-to-order Subsea 2.0® production systems.

The award follows an integrated Front End Engineering and Design (iFEED®) study by TechnipFMC, which optimized the commercial and technological solution for the field. The contract covers the design, manufacture, and installation of the production systems, pipe, umbilicals, and subsea structures.

The subsea infrastructure will tie back to the Energean Power floating production, storage, and offloading vessel (FPSO), which currently serves the Karish and Karish North developments. TechnipFMC also delivered fully integrated subsea solutions utilizing our iEPCI™ execution model for both of these developments.

Jonathan Landes, President, Subsea at TechnipFMC, commented, “Combining iFEED® to optimize field layout with our Subsea 2.0® platform and integrated project execution model accelerates the time to first production at Katlan. This is another iEPCI™ with Energean, demonstrating the collaborative relationship of our two companies which enables TechnipFMC to continue to deliver improved project economics.”