TechnipFMC has secured what it says is a large integrated engineering, procurement, construction, and installation (iEPCI) contract with London-based oil and gas player Energean for subsea infrastructure destined for a field offshore Israel.
As part of the contract worth between $500 million and $1 billion, TechnipFMC will deliver the design, manufacture and installation of the production systems, pipe, umbilicals, and subsea structures for the Katlan development in the Mediterranean Sea.
The subsea infrastructure will tie back to the Energean Power floating production, storage, and offloading vessel (FPSO), which serves the Karish and Karish North developments, for which TechnipFMC delivered fully integrated subsea solutions with its iEPCI execution model.
The award, which follows an integrated front-end engineering and design (iFEED) study said to have optimized the commercial and technological solution for the field, represents Energean’s first project to use TechnipFMC’s configure-to-order Subsea 2.0 production systems.
Jonathan Landes , President of Subsea at TechnipFMC, said: “Combining iFEED to optimize field layout with our Subsea 2.0 platform and integrated project execution model accelerates the time to first production at Katlan. This is another iEPCI with Energean, demonstrating the collaborative relationship of our two companies which enables TechnipFMC to continue to deliver improved project economics.”
A multi-well East Mediterranean exploration drilling campaign in 2022 resulted in a collection of structures adjacent to Energean’s Karish and Tanin fields. These discoveries were originally called the Olympus Area and were formally approved by the Israeli government as the Katlan (Orca) reservoirs in May 2023.
The drilling program discovered and de-risked approximately 75 bcm – about 480 mmboe – of new gas resources, including 67 bcm – around 430 mmboe – of additional gas resources in Katlan. The Israeli government approved the field development plan for the Katlan/Tanin area in December 2023.