North East offshore specialist TechnipFMC has won contracts worth more than $150m which will bring work to its regional yard.
TechnipFMC, which has its head office and main UK yard in Walker, Newcastle, as well as operations the US, France, Brazil and Malaysia, designs and manufactures umbilical cable and flexible pipes.
The firm, which employs more than 300 people on Tyneside, counts major global oil and gas companies among its clients, and has seen significant growth in contract wins over the last few years.
Now the New York Stock Exchange listed business has announced two ‘significant’ contract wins with energy giant Equinor, which will see it carry out work on the Norwegian Continental Shelf. The first sees Technnip win work on Equinor’s Verdande project – awarded under TechnipFMC’s framework agreement with Equinor – and covers the complete subsea production system including subsea trees and structures, control systems, connections, tooling, and installation support.
