TechnipFMC has been awarded an integrated engineering, procurement, construction and installation (iEPCI) by Energean Oil & Gas for the Karish gas field offshore Israel.
The execution of this contract covers the design, procurement, construction and installation of the complete subsea system, a floating production storage and offloading unit (FPSO) designed to allow the subsequent tie-back of the Tanin field, the pipeline system, and the onshore pipeline and valve station at the receiving station, TechnipFMC said in its statement.
Energean Oil & Gas, eastern Mediterranean focused exploration and production company, secured funding for the development of the gas field and is looking to raise equity required to develop the Karish and Tanin gas field.
The company said that the deal with TechnipFMC for the construction of the FPSO with a production capacity of 8 billion cubic meters per year is valued at $1.36 billion.
LNG World News Staff