Neptune, TechnipFMC form subsea project alliance
Neptune Energy has entered into a global alliance agreement with TechnipFMC for delivering subsea projects.
The alliance agreement has been signed for an initial five-year term with options for further extensions. It covers the full project lifecycle from early concept work, through engineering, procurement, delivery of subsea production systems, and installation of subsea equipment and infrastructure, and continues into life of field support.
The first developments to be executed under this contract model are theDuva and Gjøa P1 projects in the Norwegian North Sea. Both fields will be developed as fasttrack subsea tiebacks to the Neptune-operated Gjøa semisubmersible platform.
TechnipFMC has secured a contract covering the subsea equipment from the wellheads to the riser hang-off at Gjøa. This includes subsea templates, xmas trees, manifolds, production and gas lift pipelines, umbilicals, subsea structures and control systems, plus installation activities.
The engineering and fabrication works have started, and the first template is expected to be installed on theDuva field in 3Q 2019. Most of the installation scope will be in 2020 with first oil targeted for 4Q 2020.
Mark Richardson, Vice-President Projects in Neptune Energy said: “The global alliance agreement establishes a long-term relationship, based on common goals, shared values and mutual trust, supported by a commercial model where collective positive performance is rewarded.”