TechnipFMC Clinches Major Subsea Deal with Shell for Nigerian Project
Deal News | Dec 18, 2024 | Phoenicia Group Libya LLC
TechnipFMC has secured a significant contract from Shell Nigeria Exploration and Production Company Limited to deliver Subsea 2.0 production systems for the Bonga North development in Nigeria. The contract involves the design and production of vital subsea components including tree systems, manifolds, jumpers, and controls. This development marks an important collaboration between TechnipFMC and Shell, emphasizing TechnipFMC's role in providing advanced subsea solutions.
Sectors
- Oil and Gas
- Subsea Technology
Geography
- Nigeria – The location of the Bonga North development project where TechnipFMC will provide subsea solutions.
Industry
- Oil and Gas – The article pertains to the oil and gas sector, emphasizing subsea development and production systems integral to offshore drilling and exploration.
- Subsea Technology – TechnipFMC's contract involves the application of subsea engineering and technology, crucial for deepwater operations and infrastructure.
Financials
- Substantial – This refers to the significant size and value of the contract awarded to TechnipFMC by Shell, though an exact monetary value is not provided.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TechnipFMC | Contractor | Company | A leading provider of subsea, onshore/offshore, and surface projects architectures, TechnipFMC will supply Subsea 2.0 production systems for Shell's project. |
| Shell Nigeria Exploration and Production Company Limited | Client | Company | A subsidiary of Shell involved in oil and gas exploration and production in Nigeria, specifically contracting for the Bonga North development. |
| Phoenicia Group Libya LLC | Information Source | PE Firm | A private equity firm providing insights or hosting the article related to TechnipFMC's contract win. |
| Jonathan Landes | Executive | Person | President of Subsea at TechnipFMC, providing commentary on the contract. |