TechnipFMC Wins iEPCI™ Contract for Johan Sverdrup Phase 3
TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Equinor for the Johan Sverdrup Phase 3 development in the Norwegian North Sea. This contract marks another milestone in the ongoing expansion of one of the largest offshore oil fields in the region, reinforcing TechnipFMC’s strong partnership with Equinor and its position as a key player in subsea infrastructure development.
Overview of the Johan Sverdrup Field Expansion
The Johan Sverdrup field, originally discovered in 2010 and brought into production in 2019, is among the largest oil fields on the Norwegian continental shelf. It is a cornerstone of Norway’s energy sector, with an estimated total resource potential of 2.7 billion barrels of oil equivalent. The field is known for its cutting-edge technology, extensive use of automation, and commitment to reducing carbon emissions through onshore power supply.
Phase 3 of the Johan Sverdrup project aims to further increase production capacity by integrating additional wells into the existing offshore infrastructure. With this expansion, the field is expected to sustain high production levels while maintaining low operational emissions, aligning with Norway’s broader sustainability goals.
TechnipFMC’s Role in the Project
TechnipFMC has played a crucial role in the development of the Johan Sverdrup field from the beginning. The company has been responsible for designing, supplying, and installing various subsea production systems throughout different phases of the project. With this latest award, TechnipFMC will extend its expertise by delivering an integrated package that includes:
- Subsea Production Systems (SPS): Advanced subsea equipment designed for efficient and reliable extraction of hydrocarbons.
- Umbilicals: Essential subsea cables that provide power and communications between offshore platforms and subsea infrastructure.
- Rigid Pipe Installation: High-quality subsea pipelines that will connect new production templates to the existing Johan Sverdrup field center.
This direct contract award follows an integrated Front-End Engineering and Design (iFEED®) study conducted by TechnipFMC, demonstrating the company’s ability to provide comprehensive, end-to-end solutions tailored to Equinor’s needs. The project will leverage TechnipFMC’s iEPCI™ model, a unique approach that integrates engineering, procurement, construction, and installation into a seamless process, reducing risks and improving efficiency.
Strategic Importance of the Contract
Jonathan Landes, President of Subsea at TechnipFMC, emphasized the significance of this new contract, stating: “It is a privilege to contribute once again to the development of this field, where we delivered subsea production systems for each of the previous phases. We are excited to leverage our iEPCI™ integrated execution model to further enhance this world-class offshore asset.”
The award of this contract underscores the continued demand for integrated subsea solutions, reflecting a shift in the industry towards greater efficiency, reduced costs, and improved project execution. By combining multiple aspects of subsea development into a single contract, TechnipFMC and Equinor can optimize schedules, streamline operations, and accelerate time to first production.
Financial and Operational Impact
TechnipFMC classifies a “large” contract as one valued between $500 million and $1 billion. The financial impact of this award will be reflected in the company’s inbound orders for the first quarter of 2025, reinforcing its strong backlog and revenue pipeline.
From an operational perspective, this contract highlights TechnipFMC’s commitment to deploying cutting-edge subsea technologies that enhance oil recovery while maintaining environmental responsibility. By integrating state-of-the-art equipment with digital monitoring systems, the company ensures optimal performance, predictive maintenance, and minimal environmental impact.
Sustainability and Low-Emission Operations
One of the defining characteristics of the Johan Sverdrup field is its focus on sustainability. Unlike traditional offshore oil fields that rely on diesel generators for power, Johan Sverdrup is powered by electricity from Norway’s mainland grid, which is largely based on renewable energy sources. This setup significantly reduces carbon emissions compared to conventional offshore production methods.
By participating in this project, TechnipFMC aligns with global energy transition efforts and contributes to the broader industry goal of lowering greenhouse gas emissions while meeting energy demands. The company’s innovations in subsea processing, improved flow assurance, and digital monitoring all support enhanced efficiency and reduced environmental footprint.
About TechnipFMC
TechnipFMC is a leading global provider of technology-driven solutions for the energy industry, offering a broad range of integrated services that span traditional oil and gas markets as well as the emerging renewable energy sector. With expertise in subsea systems, surface technologies, and innovative engineering, the company helps clients optimize project economics while reducing carbon intensity.
TechnipFMC operates under two primary business segments:
- Subsea: Focused on delivering end-to-end subsea solutions, including subsea production systems, umbilicals, risers, and flowlines (SURF), as well as advanced digital technologies.
- Surface Technologies: Providing wellhead systems, pressure control equipment, and processing solutions to enhance operational efficiency in upstream oil and gas operations.
The company’s proprietary technologies and integrated execution models, such as iEPCI™, iFEED®, and iComplete™, have positioned it as a pioneer in optimizing field development. With approximately 21,000 employees worldwide, TechnipFMC is committed to excellence, sustainability, and innovation in energy solutions.
