The global subsea umbilicals, risers and flowline market is forecast to be worth more than £5 billion by 2021.
TechnipFMC will design, manufacture, deliver and install subsea equipment including subsea production system, flexible flowlines and umbilicals for the development of the Pyxis and Xena fields, located offshore North West Australia.
The order is the first material equipment order for the Shenandoah project and the first of its kind for subsea trees designed for pressures up to 20 000 psi.
Total will operate the C-M-541 block with a 40% interest, alongside Qatar Petroleum (40%) and Petronas (20%). The consortium plans to drill a first exploration well in 2021.
The facility is intended to help global oil and gas operators to ensure that production remains economically viable.
£21 million is being invested by Scottish and Japanese companies into underwater technology projects to promote economic growth opportunities in the 'Blue Economy'.
Project management and detailed engineering has commenced at Subsea 7’s office in Aberdeen, with offshore activities scheduled for 2020 and 2021.
Entries are being sought for the best subsea company of the year award, which is sponsored by the Oil & Gas Authority, and the young emerging talent award, which is sponsored by SMD.