TechnipFMC, a UK-based energy technology provider, announced on its website that it as been awarded a large integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract (between $500 million and $1 billion) by Energean for its Katlan development in the Mediterranean Sea.
This is Energean’s first project to use TechnipFMC’s configure-to-order Subsea 2.0® production systems.
The award follows an integrated Front End Engineering and Design (iFEED®) study by TechnipFMC, which optimized the commercial and technological solution for the field. The contract covers the design, manufacture, and installation of the production systems, pipe, umbilicals, and subsea structures.
The subsea infrastructure will tie back to the Energean Power floating production, storage, and offloading vessel (FPSO), which currently serves the Karish and Karish North developments. TechnipFMC also delivered fully integrated subsea solutions utilizing our iEPCI™ execution model for both of these developments.
Energean Power said the 2P gas reserves at the Katlan project are 1.1 MMcf. Including liquids, Katlan’s total 2P reserves are 205.9 million barrels of oil equivalent.
Jonathan Landes, President, Subsea at TechnipFMC, commented: “Combining iFEED® to optimize field layout with our Subsea 2.0® platform and integrated project execution model accelerates the time to first production at Katlan. This is another iEPCI™ with Energean, demonstrating the collaborative relationship of our two companies which enables TechnipFMC to continue to deliver improved project economics.”
