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TechnipFMC (NYSE:FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Equinor for its Heidrun extension project in the Norwegian North Sea.
The award follows an integrated Front End Engineering and Design (iFEED™) study by TechnipFMC. The project will enhance the current infrastructure and extend the production lifecycle for the Heidrun platform.
Jonathan Landes, President, Subsea at TechnipFMC commented: "This direct award highlights the mutual benefit of early engagement, which led to an optimized field layout. We are excited to leverage our iEPCI™ integrated execution to upgrade this important asset for Equinor."
(1) For TechnipFMC, a "significant" contract is between $75 million and $250 million. This award was included in inbound orders in the second quarter of 2025.
