TechnipFMC plc has secured a significant integrated engineering, procurement, construction, and installation (iEPCI) contract from Energean plc for the Katlan development in the Mediterranean Sea.
According to a news release from TechnipFMC, a “large” contract is valued between $500 million and $1 billion. This contract was included in the company’s second quarter subsea inbound orders.
This project marks Energean’s first use of TechnipFMC’s configure-to-order Subsea 2.0 production systems.
The contract follows an integrated front-end engineering and design (iFEED) study by TechnipFMC, which optimized the commercial and technological solutions for the field. The scope of the contract includes the design, manufacture, and installation of production systems, pipelines, umbilicals, and subsea structures.
The subsea infrastructure will connect to the Energean Power floating production, storage, and offloading vessel (FPSO), currently serving the Karish and Karish North developments. TechnipFMC also delivered fully integrated subsea solutions for both of these developments using its iEPCI execution model.
Jonathan Landes, President of Subsea at TechnipFMC, stated, “Combining iFEED to optimize field layout with our Subsea 2.0 platform and integrated project execution model accelerates the time to first production at Katlan. This is another iEPCI with Energean, demonstrating the collaborative relationship of our two companies which enables TechnipFMC to continue to deliver improved project economics.”
According to Energean’s website, Katlan is a newly discovered collection of structures offshore Israel, containing 1.1 trillion cubic feet of gas 2P reserves and 205.9 million barrels of oil equivalent in total 2P reserves, including liquids. This discovery followed a successful exploration campaign in 2022 and was formally approved by the Israeli government as the Katlan (Orca) reservoirs in May 2023.
Katlan will be developed following Karish and Karish North, with its field development plan approved by the Israeli government in 2023. Production will be tied back to the Energean Power FPSO, with initial gas production delivered to contracted Israeli clients.
In June, TechnipFMC announced a collaboration with Sulzer Flow Equipment to develop new subsea carbon dioxide (CO2) pump solutions.
TechnipFMC is developing and testing supercritical CO2 pumps for Petróleo Brasileiro S.A. (Petrobras), specifically for the Brazilian energy major’s HISEP technology.
Following the staged development and validation of a prototype, Sulzer is supplying three customized 6-megawatt high-pressure centrifugal (HPcp) pumps for Petrobras’ planned HISEP pilot project in the Brazilian pre-salt oil region. The HISEP technology is supported by Petrobras and its partners in the Libra Consortium. Upon delivery, the pumps will be tested and validated to the highest standards in a purpose-built laboratory at the Federal University of Itajuba, according to an earlier news release.
Petrobras’ high-pressure separation technology, HISEP, enables the separation of CO2-rich natural gas from oil at the seabed. The process has the potential to provide significant gains in energy efficiency and productivity for FPSO vessels while reducing costs and emissions.