TechnipFMC, Saipem announce Surf commercial deal

TechnipFMC, Saipem announce Surf commercial deal

TechnipFMC and Saipem have announced that they have entered into a global commercial agreement that will allow them to identify projects worldwide that could be jointly executed for the benefit of clients.

 

The commercial agreement will pursue specific Subsea Umbilicals, Risers and Flowlines (Surf) projects where the combination of the companies’ complementary world-class assets, technologies, products and competencies improves project economics and derisks the overall project development for the benefit of all stakeholders.

 

The collaboration will have access to a broad range of Surf products and installation methods, providing greater operational flexibility and optimised execution strategies under EPCI (Engineering, Procurement, Construction and Installation) and iEPCITM (integrated Engineering, Procurement, Construction and Installation) project execution models.

 

Jonathan Landes, President, Subsea, at TechnipFMC commented: “We are very pleased to partner with Saipem for the creation of this alliance. Working together with Saipem, we will be well-positioned to efficiently utilise complementary assets and capabilities to create differentiated technical solutions that further optimise project execution. Importantly, the strengthened offering will also expand the potential market for iEPCI opportunities when combined with TechnipFMC’s innovative Subsea 2.0 production systems.”

 

Stefano Porcari, Chief Operating Officer of the E&C Offshore Division, at Saipem commented: “The Surf commercial agreement with TechnipFMC represents an important