Neptune Energy, TechnipFMC in Global Deal

UK-based Neptune Energy has signed a five-year alliance agreement with TechnipFMC that will see the engineering company carry out all subsea operations, the producer said April 2.

The first developments to be executed under this contract model are the Duva and Gjoa P1 projects in the Norwegian sector of the North Sea. Both fields will be developed as fast-track subsea tiebacks to the Neptune-operated Gjoa facilities. TechnipFMC has been awarded a contract covering the subsea equipment from the wellheads to the riser hang-off at Gjoa. This includes subsea templates, the christmas trees, manifolds, production and gas lift pipelines, umbilicals, subsea structures and control systems and installation activities.

The engineering and fabrication works have started and the first template will be installed Q3 2019 on the Duva field. The majority of the installation scope will be in 2020 with first oil targeted for Q4 2020.

Neptune's vice-president for projects Mark Richardson said: “The global alliance agreement establishes a long-term relationship, based on common goals, shared values and mutual trust, supported by a commercial model where collective positive performance is rewarded.”