TechnipFMC Wins Contract for Johan Sverdrup Phase 3 Development

TechnipFMC plc (FTI) has been awarded a significant contract by Equinor (EQNR) for the Johan Sverdrup Phase 3 development in the Norwegian North Sea. This integrated Engineering, Procurement, Construction and Installation (“iEPCI”) contract represents a key moment in the evolution of one of the largest and most important oil and gas projects in the region. With a value between $500 million and$1 billion, this contract highlights FTI’s capability and experience in delivering subsea solutions for major offsh ...