This contract represents TechnipFMC's most substantial flexible pipe award in the Gulf of Mexico to date, further solidifying the strong and enduring partnership between the two entities built on years of successful project execution and delivery.
The upgraded oil spill detection system, set to be installed at Var Energi's Balder FPSO and the Ringhorne processing platform, is cloud-based and adheres to the most stringent IT security standards, ensuring robust data protection and operational efficiency.
The sale, valued at $1.28 billion, was previously declined by the regulator last year, but there's now renewed hope that it can proceed, a move considered vital for attracting much-needed investment into Nigeria's oil and gas sector.
The contract, valued at over $100 million, encompasses operations and maintenance services across various assets in the North Sea, including Arbroath, Auk, Bleo Holm, Claymore, Clyde, Fulmar, Montrose, Piper, Saltire, Tartan facilities, Flotta Oil Terminal, and Nigg Oil Terminal.
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