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By Eric Haun n integrated contract model combining the supply of subsea production systems

A (SPS) with the design and installation of subsea umbilical, risers and ? owlines (SURF) has emerged as a top project-getter for services company

TechnipFMC.

The London-headquartered company, with operational headquarters in Hous- ton and Paris, of? cially began operating under the TechnipFMC name in Janu- ary 2017 following the merger of SURF company Technip and SPS supplier

FMC Technologies. It calls its offering iEPCI (integrated engineering, procure- ment, construction and installation).

Pre-industry-downturn and pre- merger, Technip and FMC had offered integrated solutions through an alliance agreement, and then later through the joint venture Forsys Subsea from 2015. “Well before the oil price fall, we saw various indications that something need- ed to be done to keep the subsea mar- ket competitive with other development solutions for our customers,” said Arild

Selvig, TechnipFMC’s VP Subsea Com- mercial, Norway & Russia. “As a driver of industry change, we saw an opportunity to transform

For Equinor’s Trestakk our clients’ project eco- project in the Norwegian nomics with our integrated

Sea, TechnipFMC expertise and solutions.” supplied trees, manifold, integrated template,

To date, the company controls, ? exible ? owline has announced 16 integrat- and riser, umbilical, rigid ed EPCI projects globally,

PiP and installation.

including eight in the ? rst half of 2019 alone, as it sees demand for its integrated solutions continue gaining market traction.

TechnipFMC is “by far the biggest player” within the integrated SPS and

SURF segment, according to Rystad

Energy analyst Henning Bjørvik, who says the UK based ? rm has pulled in more than half of integrated subsea con-

JULY/aUGUST 2019 OFFSHORE ENGINEER 39