TechnipFMC bags $7.6 billion EPC contract Arctic LNG-2

TechnipFMC bags $7.6 billion EPC contract for Arctic LNG-2

9:41 AM, 24th July 2019
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LONDON, UK/PARIS, FRANCE/HOUSTON, US: TechnipFMC has been awarded a major engineering, procurement and construction (EPC) contract by Novatek and its partners.

For TechnipFMC, a “major” contract is over $1 billion; the consolidated contract value to TechnipFMC for Arctic LNG 2 is $7.6 billion.

The EPC contract is for the Arctic LNG 2 project located in the Gydan peninsula in West Siberia, Russia.

This development will consist of three liquefied natural gas (LNG) trains, each with a capacity of 6.6 mtpa, which will be installed on three gravity-based structure platforms.

TechnipFMC will execute this project under a lump sum and reimbursable basis. It will cover the EPC of the three LNG trains and associated topsides, which will be manufactured on a modular basis in Asian and Russian yards.

“We are extremely honoured to be entrusted with this new contract by Novatek and its partners. We are leveraging our successful track record on the Yamal LNG project and notably the modular fabrication scheme. This project recognizes the experience and expertise of our teams as well as their capacity to deliver the most ambitious and innovative projects. It also confirms the leadership of TechnipFMC both in the LNG market and in the transition journey of the global energy industry,” said Nello Uccelletti, President Onshore/Offshore at TechnipFMC.

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