TechnipFMC wins EPCI contract for Woodside

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The UK-based oil and gas company TechnipFMC has been awarded a significant integrated engineering, procurement, construction and installation (EPCI) contract by Australia’s largest natural gas producer Woodside for the development of the Pyxis and Xena fields, off northwest Australia.

TechnipFMC will design, manufacture and install subsea equipment including subsea production system, flexible flowlines and umbilicals.

Arnaud Piéton, president subsea at TechnipFMC, said: “We are very pleased to have signed a five-year Frame Agreement with Woodside that leads to this first contract under this agreement. This iEPCITM contract combines our integrated subsea solution with our Subsea 2.0 products and illustrates TechnipFMC’s complete offering. We value our long-term, collaborative relationship with Woodside and are committed to bring the best in the execution of this project.”

The contract is the first call-off under the recently executed 5-year EPCI Frame Agreement between TechnipFMC and Woodside. The Frame Agreement enables the collaborative development of projects for Woodside through early engagement and utilization of TechnipFMC integrated execution solutions.

TechnipFMC described the contract significant as it values between $75 million and $250 million.