TechnipFMC Awarded Large iEPCI Contract For Energean's Katlan Development

TechnipFMC (the “Company”) has been awarded a large⁽¹⁾ integrated Engineering, Procurement, Construction, and Installation (iEPCI) contract by Energean for its Katlan development in the Mediterranean Sea.

This is Energean’s first project to use TechnipFMC’s configure-to-order Subsea 2.0 production systems.

The award follows an integrated Front End Engineering and Design (iFEED) study by TechnipFMC, which optimized the commercial and technological solution for the field. The contract covers the design, manufacture, and installation of the production systems, pipe, umbilicals, and subsea structures.

The subsea infrastructure will tie back to the Energean Power floating production, storage, and offloading vessel (FPSO), which currently serves the Karish and Karish North developments. TechnipFMC also delivered fully integrated subsea solutions utilizing our iEPCI execution model for both of these developments.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “Combining iFEED to optimize field layout with our Subsea 2.0 platform and integrated project execution model accelerates the time to first production at Katlan. This is another iEPCI with Energean, demonstrating the collaborative relationship of our two companies which enables TechnipFMC to continue to deliver improved project economics.”

⁽¹⁾ For TechnipFMC, a “large” contract is between $500M and $1B. This award was included in second quarter Subsea inbound orders.

About TechnipFMC
TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.

With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.

Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI, iFEED and iComplete), technology leadership and digital innovation.

Each of our approximately 21,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.

For more information, visit www.TechnipFMC.com.