TechnipFMC wins the first iEPCI ™ in Brazil for the Karoon Patola field
LONDON & HOUSTON – (COMMERCIAL THREAD) – TechnipFMC (NYSE: FTI) (PARIS: FTI) (ISIN: GB00BDSFG982) today won its first integrated engineering, procurement, construction and installation (iEPCI ™) contract in Brazil by Karoon Energy (ASX: KAR) for the Development of the patola field.
The contract covers the engineering, procurement, construction and installation of underwater shafts, flexible pipes and umbilicals. The project will take place at water depths of 300 meters and will be connected to the existing floating production, storage and offloading (FPSO) vessel Baúna, Cidade de Itajaí.
TechnipFMC was chosen because of its recognized technical excellence and its ability to provide complete and integrated solutions. The company will leverage its assets and significant local content in Brazil, including its subsea equipment and flexible pipe factories and logistics base.
Jon Landes, President Subsea at TechnipFMC, said: “We are very happy to receive our first iEPCI ™ contract in Brazil for the Karoon Patola project. TechnipFMC and Karoon maintain a relationship based on trust and transparency, with shared principles and values. We pride ourselves on applying our integrated expertise to help Karoon achieve its goals. We look forward to supporting Karoon in this and other development.
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TechnipFMC is a leading technology provider for traditional and new energy industries, offering fully integrated projects, products and services.
With our proprietary technologies and global solutions, we are transforming the economy of our clients’ projects, helping them unlock new opportunities for developing energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized into two business segments, subsea and surface technologies, we will continue to drive the industry forward through our pioneering integrated ecosystems (such as iEPCI ™, iFEED ™ and iComplete ™), technological leadership and digital innovation. .
Each of our approximately 20,000 employees is driven by a commitment to our clients’ success and a culture of strong execution, focused innovation and demanding industry conventions.
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