NEWCASTLE & HOUSTON — TechnipFMC has signed a letter of intent with Equinor Energy do Brazil Ltda., a subsidiary of Equinor ASA, for an integrated FEED (iFEED) study on its BM-C-33 project offshore Brazil.
The study will finalize the technical solution for the proposed gas and condensate greenfield development in the presalt Campos Basin before Equinor makes its final investment decision (FID).
The FEED study includes an option to proceed with a direct award to TechnipFMC for the integrated engineering, procurement, construction and installation (iEPCI) phase of the project.
The major iEPCI contract, which TechnipFMC defines as more than $1 billion, would cover the entire subsea system, including Subsea 2.0 tree systems, manifolds, jumpers, rigid risers and flowlines, umbilicals, pipeline end terminations, and subsea distribution and topside control equipment. TechnipFMC would also be responsible for life-of-field services.