TechnipFMC Awarded Substantial iEPCI Contract For Sparta Project

TechnipFMC has been awarded a substantial(¹) contract by Shell plc for the first integrated Engineering, Procurement, Construction, and Installation (iEPCI) project to use high-pressure subsea production systems rated up to 20,000 psi (20K).

The Company will manufacture and install subsea production systems, umbilicals, risers, and flowlines for Shell’s Sparta development in the Gulf of Mexico. The tree systems will be Shell’s first to be qualified for 20K applications and are engineered to meet the high-pressure requirements of this greenfield development.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “Sparta will combine our leading-edge subsea technology with our proven integrated execution model, iEPCI, providing improved project economics. We are excited to be working with Shell on 20K technology.”

(¹) For TechnipFMC, a “substantial” contract is between $250M and $500M. This award will be included in first 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