TechnipFMC Awarded Major iEPCI™ Contract for TotalEnergies' GranMorgu Development Offshore Suriname [Yahoo! Finance]
TotalEnergies SE (TTE)
Company Research
Source: Yahoo! Finance
Engineering, Procurement, Construction, and Installation (iEPCI™) contract by TotalEnergies for its GranMorgu project on Block 58, the first oil and gas development offshore Suriname. This iEPCI™ award supports the development of an emerging frontier and is enabled by the Company's vessel ecosystem. The project will combine TechnipFMC's leading subsea architecture with Saipem's (MILAN:SPM) EPCI solutions and best-in-class pipelay capabilities—notably J-Lay, the optimal solution given the location offshore Suriname—to accelerate time to first oil and increase schedule certainty. TechnipFMC's contracted scope for the project includes Subsea 2.0 ® tree systems, manifolds, connectors, and topside control equipment. The Company will also supply umbilicals, flexible jumpers, and flexible risers. Jonathan Landes, President, Subsea at TechnipFMC commented: "We are very pleased to receive this iEPCI™ award for the GranMorgu project. We are bringing our new frontier experience and differe
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