TechnipFMC Receives $1.36 Billion Contract To Order FPSO

- Mar 12, 2018-

The Greek oil and gas company Energean Oil &Gas recently signed an engineering, procurement, construction, project management, installation and commissioning (EPCIC) contract with Technip FMC to build a FPSO for its Israel Karish gas field development project services.

 

The total value of this contract is about 1.36 billion US dollars. Energean CEO Mathois Rigas has confirmed that Technip FMC will be responsible for the construction of the relevant FPSO but does not mention specific shipyards. Earlier, it was reported that Technip FMC will hand over the FPSO construction work to Singapore Sembcorp Marine Jurong Shipyard.

 

According to reports, the Karish project FPSO is 227 meters long and 50 meters wide, and it can produce 8 billion cubic meters of natural gas each year. It plans to start production in the first quarter of 2021 to meet the needs of various natural gas sales agreements signed by Energean and Israeli gas buyers. Last year, Technip FMC has completed front-end engineering design studies for this deep-water natural gas project.

 

In addition to overseeing the FPSO construction work at Jurong Shipyard, Technip FMC will also deliver subsea production and umbilical, riser and fluid line systems and will be responsible for a length of 90 km and a diameter of 24 inches (where the diameter of the docking area widens to 30 Inch's outlet pipe, used to transport natural gas to Israel.