TechnipFMC Plays Key Role in $80 Billion of U.S., Canadian Projects, Led by LNG, Offshore Drilling

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Researched by Industrial Info Resources (Sugar Land, Texas)--TechnipFMC plc (London, England), born from a merger earlier this year between FMC Technologies and Technip S.A., is servicing a variety of big-ticket projects across North America's petrochemicals, liquefied natural gas (LNG) and offshore drilling markets. Industrial Info is tracking more than $215 billion in active projects worldwide involving TechnipFMC, most of which previously were attributed to only FMC or Technip, including nearly $80 billion in the U.S. and Canada.

One of TechnipFMC's most closely watched projects is set to be completed this quarter: Dow Chemical Company's (NSYE:DOW) (Midland, Michigan) 3 billion-pound-per-year ethylene unit in Freeport, Texas, which began construction in mid-2014. It is just one of many projects in the area that have bolstered demand for transmission and other projects to accommodate the rapidly growing energy market; for more information, see Industrial Info's project report; May 8, 2017, article - CenterPoint Energy Awaits ERCOT Decision on Freeport, Texas, Transmission Expansion; and April 28, 2017, article - Dow Chemical Turns Focus to Incrementals in Wake of Gulf Coast, Saudi Build-Ups.

One of the most recent high-profile additions to TechnipFMC's slate is SCT&E LNG LLC's (Houston) proposed Monkey Island LNG Liquefaction Production and Export Facility in Cameron, Louisiana, for which Technip was awarded a Master Services Agreement to execute engineering services, including front-end engineering design. The full complex currently is designed to produce 15.75 million tons per annum through the construction of three natural gas liquefaction trains, each with a capacity of 5.25 million tons; but the project is in its lengthy permitting phase, which is expected to last through the end of 2019. For more information, see Industrial Info's project reports on Phase I, Phase II and Phase III.

TechnipFMC also has two offshore projects set to be completed in the Gulf of Mexico this summer, both for Deep Gulf Energy Companies (Houston, Texas): the $65 million subsea production system in the Odd Job Field, and the $55 billion subsea tieback program in the Barataria Field. At its peak, the Odd Job development is expected to produce 15,000 barrels per day (BBL/d); the Barataria tieback consists of more than 6,500 feet of flowline constructed at Technip's spool base in Mobile, Alabama.

Also in the Gulf, TechnipFMC recently was awarded a contract by Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands) for the $125 million subsea tieback for the Kaikias deepwater project. Technip will handle the delivery, integration and installation of the subsea production system, as well as the subsea riser, jumper and flowline equipment, to be tied back to Shell's Ursa production hub. For more information, see Industrial Info's reports on the Odd Job, Barataria and Ursa projects.

Offshore activity also is ramping up in one of Canada's most areas: the White Rose Oil Field, off the coast of Newfoundland and Labrador, where TechnipFMC is at work on Husky Energy Incorporated's (TSX:HSE) (Calgary, Alberta) $2.35 billion wellhead platform extension project. Along with subsidiaries of Wood Group (Aberdeen, Scotland) and Siemens AG (Munich, Germany), TechnipFMC is providing services for the new platform, which will include a concrete gravity structure with topsides, drilling facilities, wellheads and accommodations for up to 144 persons. It is expected to produce 115 million barrels of oil, with a daily peak of 37,000 barrels, from a total of 88 wells. For more information, see Industrial Info's project report.

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