Saipem, TechnipFMC explore subsea partnership

Oct. 28, 2021
TechnipFMC and Saipem have entered a global commercial agreement to identify subsea opportunities worldwide that they could jointly execute.

Offshore staff

SAN DONATO MILANESE, ItalyTechnipFMC and Saipem have entered a global commercial agreement to identify subsea opportunities worldwide that they could jointly execute. 

They are targeting subsea umbilicals, risers and flowlines (SURF) projects where the companies’ complementary assets, technologies, products, installation methods, and competencies could improve project economics and de-risk the overall project development.

One goal is to provide greater operational flexibility and optimized delivery under TechnipFMC’s iEPCI (integrated Engineering, Procurement, Construction and Installation) and EPCI project execution models.

Stefano Porcari, COO of Saipem’s E&C Offshore Division, said: “The agreement will provide a pool of complementary enabling vessels and facilities and a consolidated reel laying and J-laying technology base.

“Together we will be able to provide a full service for those challenging developments requiring an ample range of technologies and capabilities.”

Jonathan Landes, president, Subsea at TechnipFMC, added: “The strengthened offering will also expand the potential market for iEPCI opportunities when combined with TechnipFMC’s innovative Subsea 2.0 production systems.”

10/28/2021