TechnipFMC at Work on Nearly $22 Billion in Fourth-Quarter Project Kickoffs, Completions

Researched by Industrial Info Resources (Sugar Land, Texas)--TechnipFMC plc (London, England), a global provider of engineering, procurement and construction (EPC) services, is taking part in some of the highest-valued projects in the Oil & Gas Production, Petroleum Refining and Chemical Processing industries on five continents. TechnipFMC is involved in $8.67 billion in project starts and $13.27 billion in project completions that are planned for the fourth quarter, according to Industrial Info's project database.

Three Offshore Drilling Projects Drive Completions
About 80% of the total investment value (TIV) for projects set to wrap up before the end of the year is divided among just three offshore-drilling projects. In the U.S., TechnipFMC is providing subsea trees and tie-in equipment for Exxon Mobil Corporation's (ExxonMobil) (NYSE:XOM) (Irving, Texas) $4 billion subsea production system in the Gulf of Mexico's Julia Field. ExxonMobil is drilling four wells and installing a subsea tie-back system to its Jack/St. Malo platform to produce 34,000 BBL/d, which will be transported via a pair of 10-inch production flowlines. For more information, see Industrial Info's project report.

Offshore Nigeria, TechnipFMC Umbilical Systems, a subsidiary, is supplying subsea equipment to Total S.A. (NYSE:TOT) (Paris, France) and CNOOC Nigeria's (Lagos, Nigeria) $4.2 billion crude-oil floating production and storage offloading (FPSO) vessel, in the Gulf of Guinea's Egina Field. The facility is expected to have a capacity of up to 2.3 million barrels per day of crude oil. For more information, see Industrial Info's project report.

In Australia, TechnipFMC is at work on INPEX Corporation's (Minato, Japan) $2.24 billion central processing facility for the Ichthys LNG project in the Browse Basin. The project will include the construction of a floating production, storage and offloading vessel (FPSO) and the installation of subsea infrastructure to produce 100,000 barrels per day (BBL/d) of condensate, 1.6 million tonnes per year of natural gas and liquefied petroleum gas (LPG) to supply INPEX's 8.9 million-tonne-per-year LNG production plant in Darwin. For more information, see Industrial Info's project report.

In addition to the drilling completions, TechnipFMC is performing EPC work for Air Products and Chemicals Incorporated's (NYSE:APD) (Lehigh Valley, Pennsylvania) $400 million hydrogen production plant in Baytown, Texas, which is expected to wrap up toward the end of the year. The 125 million-standard-cubic-foot-per-day facility will supply the rapidly expanding Gulf Coast hydrogen pipeline network, now the largest in the world. For more information, see Industrial Info's project report.

Two African Projects Dominate Fourth-Quarter Kickoffs
More than 80% of the TIV for projects set to begin construction in the fourth quarter are attributed to just two in Africa: Eni SpA's (Rome, Italy) $4.5 billion offshore LNG terminal in the Mozambique Channel, Mozambique and Assiut Oil Refining Company's $1.5 billion modernization of its refinery in Asyut, Egypt. In Mozambique, Eni is preparing to build a turret-moored, double-hull floating LNG vessel, with 3.4 million tonnes per year of liquefaction capacity, to receive and process about 362 million standard cubic feet per day of natural gas from the Coral offshore field. For more information, see Industrial Info's project report.

Technip's Italian subsidiary is performing EPC for every major facet Assiut's refinery overhaul, including:

• $650 million addition of hydrocracker and hydrogen generation units; see project report
• $500 million addition of a delayed coker unit; see project report
• $130 million addition of a diesel hydrotreater unit; see project report
• $120 million addition of a vacuum distillation unit; see project report
• $100 million addition of sulfur-recovery and amine-recovery units; see project report

Each part of the modernization is set to begin construction toward the end of the year, and to be completed toward the end of 2020.

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