TechnipFMC plc, a French-American, UK-domiciled global oil and gas company that provides complete project life cycle services for the energy industry, has acquired a contract from AbuQir Petroleum for construction & installation of 4 subsea wells in Egypt, notably on the North El Amriya (NEA) and North Idku (NI) concession off the North African country coast.
The NEA and NI concessions are fully owned by Energean Plc. and are managed by separate joint venture companies i.e. Petroamriya JV and Nipetco JV respectively. However, they both fall under the overall management of the aforementioned Abu Qir Petroleum, which is a joint venture between Energean and the Egyptian General Petroleum Corporation(EGPC).
The NEA concession involves two discovered and assessed gas fields, which are Yazzi and Python, while the NI concession includes four discovered gas fields, wherein one gas field is prepared for development.
The responsibility bestowed to TechnipFMC
Per the terms of the contract, TechnipFMC will be responsible for the procurement of the necessary materials, the undertaking of the construction and installation of four subsea wells, and their connection to the existing production center. The wells will be drilled to a vertical depth of 60-90 meters, and three of them will be placed in the NEA concession while the NI concession will host the one.
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The London headquartered company will also design, manufacture, deliver and install subsea equipment, which comprises the subsea production system, subsea trees, production manifolds, umbilicals, flexible pipelines, jumpers, and associated subsea and topside controls.
The concessions are expected to start production by the latter half of next year.
Importance of the project to Egypt and TechnipFMC
The project is expected to provide significant advantages to Egypt’s long-term oil production profile while offering additional cost management and strategic benefits.
It also reflects TechnipFMC’s position as a market and technology leader for integrated projects and validates the benefits of its solution for subsea developments.
