TechnipFMC wins multi-million deal on BP Thunder Horse expansion

French subsea firm TechnipFMC has announced the award of a multi-million deal for the Thunder Horse project, just hours after BP revealed further expansion of the oil field.

The Paris-headquartered firm said the contract award by BP will be an integrated engineering, construction and installation (iEPCI) deal.

The agreement with BP is understood to be between £60 million and £190m.

TechnipFMC will manufacture, deliver and install subsea equipment, including subsea tree systems, manifolds, flowline, umbilicals and subsea tree jumpers, pipeline end terminations, subsea distribution and topside control equipment.

BP approved further expansion to Thunder Horse yesterday, one of the largest oil fields in the US Gulf of Mexico.

Phase two of the Thunder Horse South Expansion will add an estimated 50,000 barrels of oil equivalent to peak daily production at the existing Thunder Horse platform.

BP did not reveal the cost of the expansion, but last year said it would spend £1bn on another expansion at the Atlantis project, also in the Gulf, adding an additional 38,000 barrels per day.

Phase two of Thunder Horse South involves drilling two production wells in the short term, approximately two miles south of the platform.

Eventually eight wells will be drilled as part of the overall development.

First oil from Thunder Horse, which lies 150 miles south-east of New Orleans, is expected in 2021.

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