TechnipFMC has secured an integrated engineering, procurement, construction, and installation (iEPCI) contract from Equinor for the third phase of development at the Johan Sverdrup field in the Norwegian North Sea.
The contract, classified as “large” by TechnipFMC, is valued between $500m and $1bn and will be recorded in the company’s first-quarter 2025 order intake.
The Johan Sverdrup field with estimated resources of 2.7 billion barrels of oil equivalent, is one of the most significant offshore oil developments on the Norwegian continental shelf.
The Phase 3 expansion is intended to connect additional wells to existing infrastructure, which is powered by electricity from onshore sources.
TechnipFMC’s scope of work includes the design, manufacture, and installation of subsea production systems, umbilicals, and rigid pipelines, integrating new subsea templates into the existing field centre.
The contract follows an integrated front-end engineering and design (iFEED) study, which helped define the project’s technical requirements.
TechnipFMC subsea president Jonathan Landes said: “It is a privilege to contribute once again to the development of this field, where we delivered subsea production systems for each of the previous phases. We are excited to leverage our iEPCI integrated execution model to further enhance this world-class offshore asset.”
Johan Sverdrup, which is the third-largest oil field on the Norwegian continental shelf, is operated by Equinor with a 42.63% stake. Aker BP (31.6%), Petoro (17.36%), and TotalEnergies EP Norge (8.44%) are the other stakeholders.
Production from Johan Sverdrup Phase 2 commenced in December 2022, introducing a new platform, five additional subsea systems, 28 wells, and an upgraded riser platform. The expansion also extended the project’s shore-to-sea power transmission to the Utsira High area.
The initial phase of the field began production in October 2019.
