TechnipFMC has been awarded a significant Subsea contract by Equinor for the Johan Sverdrup Phase 2 development, located in the Norwegian sector of the North Sea at a water depth of 120 meters, the company said in its release.
The contract covers the delivery and installation of the subsea production system including integrated template structures, manifolds, tie-in and controls equipment.
For TechnipFMC, a “significant” contract ranges between $75 million and $250 million.