Vallourec Wins ExxonMobil’s Whiptail Order Offshore Guyana
located in the Stabroek Block, a 26,800 km2 strategic basin located off Guyana’s continental shelf, where several important discoveries have been made since 2015.In April, ExxonMobil has awarded major contracts for the development of the Whiptail field, including subsea production system scope to TechnipFMC, TCP Deal for Strohm, as well as the construction and installation of the FPSO Jaguar that will be deployed on the field awarded to SBM Offshore.TechnipFMC Picks Up ‘Large’ Subsea Contract for ExxonMobil’s Whiptail Off GuyanaStrohm Reels In ExxonMobil’s Third TCP Deal Offshore
Subsea Vessel Market is Full Steam Ahead
Vessels, Rate level (USD)Chart Courtesy Fearnley Offshore SupplyMultipurpose Vessels, Rate level (USD)Chart Courtesy Fearnley Offshore SupplyAnother insightful method to measure the health of the subsea market is to analyze the order backlog of the Tier 1 offshore construction contractors: Subsea 7, TechnipFMC, and Saipem. When doing so, we find that as per the end of 2023, these companies’ combined backlog stood at almost the same value as the previous peak 10 years prior. With more than $40 billion of work in their books, the Tier 1 players have just around 2% less orderbook value than in 2013
Balmoral Comtec Expands Workforce Following Rosebank Win
Balmoral Comtec, a Balmoral Group company and provider of buoyancy, protection and insulation services to the global offshore energy market, has secured a multi-million-pound contract from TechnipFMC to supply more than 600 buoyancy modules for Equinor’s Rosebank project. This contract award is already supporting the recruitment of over 50 new employees at its Aberdeen base.Balmoral Comtec will provide engineering, design and manufacture of buoyancy modules from its base in Aberdeen, Scotland. The modules will be installed on flexible risers and umbilicals. Gary Yeoman, Sales Director at
Strohm Reels In ExxonMobil’s Third TCP Deal Offshore Guyana
is this our largest award to date, but it also means we will be terminating TCP and supporting ExxonMobil Guyana and its co-venturers for at least the next 5 years under our field service group contract,” said Gavin Leiper, Strohm’s vice president Americas & Global Field Services Group.TechnipFMC Picks Up ‘Large’ Subsea Contract for ExxonMobil’s Whiptail Off GuyanaSBM Offshore Hooks ExxonMobil’s Jaguar FPSO ContractSaipem Gets Go-Ahead for ExxonMobil’s Guyana Oil Developmen
TechnipFMC Picks Up ‘Large’ Subsea Contract for ExxonMobil’s Whiptail Off Guyana
Oilfield services company TechnipFMC has secured a ‘large contract’ from ExxonMobil to supply subsea production systems for the Whiptail development in Guyana’s Stabroek block.TechnipFMC will provide project management, engineering, and manufacturing to deliver 48 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment.For TechnipFMC, a ‘large contract’ is valued between $500 million and $1 billion.“ExxonMobil Guyana will utilize our Subsea 2.0 systems and manifolds, which help provide schedule certainty. We have
TechnipFMC to Supply Subsea Systems for Shell’s Sparta Development
Oilfield services company TechnipFMC has been awarded a ‘substantial contract’ by Shell for the supply of subsea production systems for Sparta development in the Gulf of Mexico.This will be the first integrated engineering, procurement, construction, and installation (iEPCI) project to use high-pressure subsea production systems rated up to 20,000 psi (20K), according to TechnipFMC.The work scope includes manufacturing and installation of subsea production systems, umbilicals, risers, and flowlines for Shell’s Sparta development.The tree systems will be Shell’s first to be
Finalists for Subsea Expo Awards '24 Announced
. This award acknowledges excellence in developing a new technology and bringing it to market.In the Safety Innovation category, sponsored by J+S Subsea, the finalists are specialised subsea project management and engineering firm MMA Offshore and technology provider to the energy industries TechnipFMC.An individual who has made a significant contribution to the underwater and subsea industries throughout their career will be recognized with the Outstanding Contribution Award, which will be announced on the night
TechnipFMC Gets ‘Significant’ Contract from BP in Gulf of Mexico
Oilfield services company TechnipFMC has secured a ‘significant’ contract from BP for its Argos Southwest Extension project in the Mad Dog field.TechnipFMC will install pipe and an umbilical, tying back three new wells to the Argos platform in the Gulf of Mexico.For TechnipFMC, a significant contract is between $75 million and $250 million. This award was included in fourth quarter 2023 Subsea inbound orders.Under the contract, TechnipFMC will also manufacture and install pipeline end terminations.“We have a long-standing relationship with bp, underpinned by close collaboration.
Libra Consortium Reaches FID for Mero Field’s Innovative Subsea Tech
.This technology has the potential to reduce the amount of gas sent to the topside FPSO, thus enabling to reduce the GHG emissions intensity while increasing the field production capacity.Petrobras, operator of the Mero field (38.6%), has earlier in January awarded a contract worth over $1 billion to TechnipFMC, covering engineering, procurement, construction, and installation (iEPCI) of the HISEP at Marechal Duque de Caxias FPSO (Mero 3 project), which is currently under construction."TotalEnergies is proud to participate to the development of this new technology in the Mero field. In addition to
February 2024
