Power tech supplier TechnipFMC has secured an built-in engineering, procurement, building, and set up (iEPCI) contract for Equinor ASA’s Heidrun extension venture. TechnipFMC mentioned in a media launch that the award follows an built-in front-end engineering and design examine it had already accomplished.
The brand new contracts, in keeping with TechnipFMC, are valued between $75 million and $250 million.
The venture will improve the present infrastructure and prolong the manufacturing lifecycle of the Heidrun platform, TechnipFMC mentioned. Based on the Norwegian Offshore Directorate, the Heidrun area is within the Norwegian Sea 30 kilometers (18.6 miles) northeast of the Asgard area. Heidrun has a water depth of 350 meters (1,150 ft).
“This direct award highlights the mutual good thing about early engagement, which led to an optimized area format. We’re excited to leverage our iEPCI built-in execution to improve this essential asset for Equinor”, Jonathan Landes, President for Subsea at TechnipFMC, mentioned.
In 2024, Equinor elevated its possession within the Heidrun area to 34.4 p.c following an asset swap with Petoro. Heidrun is among the many fields with the longest remaining life on the Norwegian continental shelf, Equinor mentioned on the time.
Earlier this 12 months, Equinor awarded a three-year effectively plugging contract involving Heidrun to Island Drilling Firm AS, Archer Oiltools, and Baker Hughes Norge. The scope of labor underneath the contract contains mobilization, deliberate upgrading, and sure built-in drilling companies, Equinor mentioned.
The semi-submersible rig Island Innovator will likely be deployed to hold out the contract. It should plug subsea wells at Heidrun, Snorre, and Norne, amongst others.
Erik G. Kirkemo, Equinor senior vp for drilling and effectively, mentioned the corporate goals to drill 600 improved oil restoration wells and roughly 250 exploration wells to maintain its manufacturing on the Norwegian Continental Shelf till 2035.
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