LNG

TechnipFMC, the US oil and gas and LNG project services company, reported a 24 percent increase in second-quarter revenues as profits rose along with orders and the backlog.

Feb 24 (LNGJ) - TechnipFMC has received a letter of award from Energean Israel for the development of the Karish North field, located offshore Israel in the revived East Mediterranean LNG and natural gas hub. TechnipFMC said it would design, manufacture, deliver and install subsea equipment including the subsea production system, rigid flowlines and umbilicals as a tieback to the “Energean Power” floating production storage and offloading (FPSO) unit as well as a second gas export riser. The Karish field is the third-largest natural gas field in Israeli waters after the Leviathan and Tamar fields.

TechnipFMC, the Franco-US energy and liquefied natural gas engineering company, said it was awarded a number of subsea contracts by Anadarko Petroleum, the licence holder of the Area 1 Rovuma Basin feed-gas resources for the Mozambique onshore LNG project.

The TechnipFMC contracts focus on the development of reserves in the Golfinho-Atum fields offshore the southeast African nation.

TechnipFMC was awarded a major contract for the engineering, procurement, construction and installation (EPCI) of the subsea hardware system through its wholly owned United Arab Emirates-incorporated subsidiary, Technip Middle East FZCO.

The company gave no specifics on the value of the Mozambique contract save to say it was worth more than $1 billion.

The onshore Mozambique project will have phase one output of almost 12.9 million tonnes per annum of LNG from two liquefaction Trains, as well as all necessary associated infrastructure, storage tanks and export jetty facilities.

Anadarko is proceeding with its Mozambique LNG commitments after agreeing earlier in 2019 to be taken over by US peer Occidental Petroleum, while its LNG assets will be sold to French major Total.

The TechnipFMC award followed the granting in May 2019 of the onshore engineering, procurement and construction contract valued at around $6 billion to a consortium comprising Saipem of Italy and its main partner McDermott International of the US, while Chiyoda Corp. of Japan will fill an advisory role.

The TechnipFMC subsea work will be carried out in cooperation with offshore vessel and platform owner and consortium partner Van Oord of the Netherlands and its Mideast subsidiary in cooperation with another European-based subcontractor, Allseas.

In support of these awards, TechnipFMC is increasing its presence in Mozambique and has had a new office in the capital Maputo since February 2019.

TechnipFMC has also been awarded separate contracts under its wholly owned US incorporated subsidiary, FMC Technologies Inc., to provide subsea hardware in support of well construction.

“We are extremely pleased to have been selected for the majority of the Mozambique LNG subsea scope,” said Arnaud Pieton, President of the Subsea division at TechnipFMC.

“TechnipFMC will highlight our industry leading subsea capabilities to help maximize Anadarko’s overall project value,” added Pieton.

“This award is a testament of our 25-year partnership with Anadarko and will further expand our presence in Mozambique,” he said.

Anadarko is still operator of the Mozambique project until the Occidental deal is completed and has a 26.5 percent stake and operatorship of the Area 1 reserves that underpin the LNG venture.

Other shareholders in the Area 1 licence and LNG project include the Japanese trading house Mitsui & Co. and three Indian companies, Bharat Petro Resources, ONGC Videsh and Oil India Ltd., as well as Thailand’s national energy company PTTEP and the Mozambique state-owned oil and gas firm ENH.