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TechnipFMC to provide subsea support for BP's deepwater Atlantis project in Gulf

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TechnipFMC to provide subsea support for BP's deepwater Atlantis project in Gulf

Energy services provider TechnipFMC PLC announced Jan. 9 that it was awarded an integrated engineering, procurement, construction and installation contract by oil major BP PLC for the deepwater Atlantis phase-three project in the Gulf of Mexico.

TechnipFMC will manufacture, deliver and install subsea equipment, including subsea tree systems, manifolds, flowline, umbilicals and subsea tree jumpers, pipeline end terminations, subsea distribution and topside control equipment. The contract is valued between US$75 million and US$250 million.

It also includes provisional services for tooling and personnel required to install the hardware.

The Atlantis phase-three field is about 150 miles south of New Orleans at a water depth of roughly 2,100 meters. The equipment will be tied back to the existing platform.

Contract operator BP disclosed Jan. 8 it approved a final investment decision at the Atlantis field that costs US$1.3 billion. Partner BHP Group PLC also has to approve a final investment decision, expected by early 2019.

Tests show the field contains an additional 400 million barrels of oil.

The expansion is slated to come online in 2020 and is expected to boost production by an estimated 38,000 barrels of oil equivalent per day gross at its peak. The field produced first oil in 2007.

BP holds a 56% stake in the field, and BHP owns 44%.