A global offshore giant has won a contract worth more than £100m to support work at its Tyneside yard.
TechnipFMC has won a “significant” contract from offshore energy firm Equinor for the Halten East development on the Norwegian continental shelf.
The size of the contract – which covers the manufacture and installation of flowlines and the installation of umbilicals and subsea structures – has not been disclosed by TechnipFMC, but the company says that “significant” contracts are between $75m and $250m.
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Separately, Equinor said the contract was worth between 1.3bn and 1.5bn Norwegian krone (£108m-£125m).
In all, contracts worth 9bn Norwegian krone have been announced by Equinor on what is a significant gas field off the coast of Norway.
The project is planned to be executed in two phases, with six wells to be drilled in 2024-2025, and a second phase scheduled for 2029. The contracts are subject to Norwegian Government approval.
Randi Elisabet Hugdahl, vice president of Åsgard operations for Equinor, said: “Halten East is a subsea development consisting of five subsea templates that will be tied back to the existing infrastructure on the Åsgard field, ensuring good resource exploitation and high value creation, low development costs, and low CO2 emissions.”
Jonathan Landes, president of subsea at TechnipFMC, commented: “We are proud that we can help our longstanding partner Equinor and its consortium partners transform the economics of this project by optimising design, engineering, manufacturing, and installation.”
