FMC Technologies receives second Shah Deniz subsea order

Offshore staff

HOUSTON – BP has contracted FMC Technologies (NYSE: FTI) to supply subsea production systems for the Shah Deniz Stage 2 project, 100 km (62 mi) south of Baku in the Azeri sector of the Caspian Sea.

The equipment will serve Well Clusters 3-5.

The $297-million order is in addition to FMC’s initial contract for Well Clusters 1-2, which BP placed in 2014.

Tore Halvorsen, FMC’s senior vice president, Subsea Technologies, said “Our close cooperation on this project has accelerated the transition to the manufacturing stage and enabled us to reduce the lead time delivering the project.”


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...