Dunfermline-based firm secures contract to supply subsea equipment for huge oilfield west of Shetland

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TechnipFMC, with its Scottish base in Dunfermline’s Pitreavie Business Park [French HQ though], have won what we must assume to be a very large EPCI (Engineering, Procurement, Construction and Installation) contract for the huge Lancaster field, west of Shetland, recently discovered by Hurricane Energy:

Estimates of Scotland’s oil reserves West of Shetland now massively increased to around 8 billion barrels! ‘A super-resource now on the cards.’

TechnipFMC have more than 40 000 employees, not all in Dunfermline I guess, and:

‘The contract covers the provision of subsea equipment including umbilicals, risers, flowlines and the subsea production system for the Lancaster Early Production System (EPS) Project. In addition, TechnipFMC will also install the subsea equipment, turret buoy and mooring system. The contract will be executed as an integrated Engineering, Procurement, Construction and Installation (iEPCI) project.’

It’s clear that not enough of the construction work for the North Sea and West of Shetland is done in Scotland so this look like a move in the right direction and follows on from the news in April that the giant Kishorn dry dock which re-opened in August, creating 200 new jobs, will build the turbines for the giant floating windfarm 15km off the coast of Kincardineshire by spring 2018. This looks like being the beginning of the missing link in Scotland’s vibrant renewables sector  too – the actual construction of the turbines.

Re-opened Scottish dock to build state-of-the-art floating windfarm to begin to exploit Scotland’s 25% share of all of Europe’s offshore wind potential

http://www.technipfmc.com/en/media/press-releases/technipfmc-awarded-integrated-epci-contract-for-the-hurricane-lancaster-eps-project-west-of-shetland

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2 thoughts on “Dunfermline-based firm secures contract to supply subsea equipment for huge oilfield west of Shetland

  1. Ludo Thierry September 18, 2017 / 12:00 pm

    Hi John – grabbing coffee – so adding a wee bit more encouraging economic news from the bonnie Kingdom of Fife:

    Fife cabling company Brand-Rex saw its pre-tax profits increase by 17% last year as it continued to target international markets.

    The group designs and manufactures high-speed copper and fibre-based cable and connectivity systems for IT and data communications.

    Headquartered in Glenrothes, the company saw its pre-tax profit increase from £3.5 million to £4.2m for the year ending December 31 2016. Turnover remained static at £60.6m.

    In the company’s annual accounts, director Ian Wilkie said the firm’s key markets were “stable”.

    He said: “The group’s data communication business holds a leading position in Europe whilst focusing on extending its market reach to Africa, Middle East, Asia and South America.

    “The group’s high-performance cabling business produces control, communication, power and instrumentation cables for diverse industrial applications and niche markets, including automotive, rail infrastructure and defence.

    “The markets in which the group operates remain stable.
    “The group maintained its market position in the European countries in which it operates.”

    Mr Wilkie said last year saw profit growth in core business areas as economic conditions in some key territories improved. He said the group’s development efforts in new territories continued to bear fruit.

    “Growth in the Middle East was constrained due to cash flow issues in the region, which now appear to be resolved,” he continued.

    (Here’s hoping the automotive and rail infrastructture elements of the business far outweigh the defence element) – Cheers, Ludo

    Like

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