TechnipFMC bags Energean Karish Field contract
TechnipFMC has been awarded an iEPCITM (integrated Engineering, Procurement, Construction and Installation) contract by Energean Oil & Gas for the Karish full field development, located offshore Israel at a water depth of 1,750 meters. This award extends our iEPCITM offering from seabed to offshore producing facility.
The execution of this iEPCITM contract covers the design, procurement, construction and installation of the complete subsea system, a Floating Production Storage and Offloading unit (FPSO) designed to allow the subsequent tie-back of the Tanin field, the pipeline system, and the onshore pipeline and valve station at the receiving station.
Hallvard Hasselknippe, President of TechnipFMC’s Subsea business, stated: “This award demonstrates our leadership position in iEPCITM. It also highlights our unique ability to combine a fully integrated field development encompassing both the entire subsea and FPSO scope. Our strong value proposition builds on early involvement and integrated
solutions.
"By simplifying subsea field architecture, we help our clients significantly improve their project economics. We are honored that Energean Oil & Gas has embraced this new way of doing business, engaging with us early through an integrated FEED (iFEEDTM) study and directly awarding the full project scope through an integrated EPCI (iEPCITM) model.”