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The French-American TechnipFMC got a huge deal in Russia



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The $ 7.6 billion deal represents more than twice the group's revenue in 2018.

Published today at 00h01

Time for Read 1 min.

TechnipFMC Petroleum Engineering Group announced on July 23 to win the contract "Major" Russian private gas group Novatek, for two gas terminals in western Siberia, was allocated 7.6 billion dollars.

This contract "Engineering, equipment supply and construction with Novatek and its partners" in the LNG 2 liquefied natural gas project, the French-American group said in a statement.

"Recognition of knowledge"

The Treaty, "Consolidated value" 7.6 billion dollars is more than double the total revenue in 2018 ($ 3.3 billion). At the end of last year, the backlogs had 14.6 billion dollars.

"The project will consist of three LNG trains with a capacity of 6.6 million tons per year to be installed on three gravity platforms."added a French-American group. "This project is a recognition of the knowledge and skills of our teams, as well as their ability to carry out the most ambitious and innovative projects"Nello Uccelletti, the head of the offshore / offshore TechnipFMC, said in a statement. "It also confirms the leading role of TechnipFMC in the LNG market and the transition of the global energy industry."he added.

The group is determined to carry out this project "Turnkey and repayable".

7 billion barrels

Arctic LNG 2 is located on the Gydan peninsula in northern Siberia, about 30 kilometers from LNG Yamal, which began producing gas in December 2017 in the Russian Arctic.

It is expected that the project will achieve a production capacity of 19.8 million tonnes per year or 535 000 barrels of oil per day, drawing on more than 7 billion barrels of oil-equivalent hydrocarbon resources on land. condensate from Utrennei.

The French group Total signed an agreement in March "Final" 10% share in the LNG project.

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