BP has awarded TechnipFMC an integrated engineering, procurement, construction and installation (iEPCI) contract for its Atlantis Phase 3 project in the U.S. Gulf of Mexico (GOM), TechnipFMC reported Tuesday.
BP has approved a $1.3 billion expansion of the Atlantis Phase 3 field, which will include constructing a new subsea production system from eight new wells. As Rigzone has reported, the development could expand the Atlantis platform’s production by 38,000 barrels of oil equivalent per day and is expected go onstream next year.
“Atlantis Phase 3 shows how our latest technologies and digital techniques create real value – identifying opportunities, driving efficiencies and enabling the delivery of major projects,” Starlee Sykes, BP’s regional president for GOM and Canada, said in a company announcement Tuesday. “Developments like this are building an exciting future for our business in the Gulf.”
TechnipFMC stated that the iEPCI contract calls for manufacturing, delivering and installing subsea equipment including:
In addition, TechnipFMC stated that the contract includes provisional services for tooling and personnel needed to install the hardware.
“We are very pleased TechnipFMC has been awarded an iEPCI contract for the Phase 3 development of the BP Atlantis project,” Arnaud Pieton, TechnipFMC’s subsea president, said in a written statement. “This award reinforces TechnipFMC’s position as the market and technology leader for subsea equipment and demonstrates the added value of iEPCI – our unique integrated offering. We look forward to extending our successful relationship with BP on the Atlantis project in the Gulf of Mexico.”
According to BP’s website, Atlantis – located 150 miles south of New Orleans in more than 7,000 feet of water – is the company’s deepest moored floating platform in GOM and can currently produce up to 200,000 barrels of oil and 180 million cubic feet of gas per day. BP serves as operator and owns a 56-percent stake in Atlantis. BHP Billiton owns the remaining 44 percent.
TechnipFMC noted that the Atlantis Phase 3 field will be tied back to the existing platform. It did not specify the contract amount, which it called “significant.” In the company’s parlance, however, such a contract ranges in value from $75 million to $250 million.
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