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Latest Tracker Updates
22 September 2015: FMC Technologies awarded subsea EPC for Phase 1 of Johan Sverdrup Oil Field

22 September 2015

FMC Technologies has been awarded a new EPC contract with Statoil, whereby Phase 1 of the Johan Sverdrup field is the first call-off. The contract has an estimated value of $172 million in revenue and includes subsea trees, subsea wellheads, manifolds, and control systems integration.

A frame agreement for add-on systems and a frame agreement for subsea service offerings have also been signed.

Statoil's Johan Sverdrup field will be the largest offshore oil find in Norway in 30 years, and it is estimated to hold 1.7 billion to 3.0 billion barrels of oil equivalents. The field is expected to produce 550,000 - 650,000 barrels of oil equivalents a day when fully developed, equal to about 25 percent of current domestic output. Production is slated to start in late 2019.

FMC Technologies

21 September 2015: Petrofac lands contract with Tatweer Petroleum for Gas Dehydration Facility


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