TechnipFMC receives notice to proceed for Northern Endurance Partnership’s carbon capture and storage project

TechnipFMChas been given full notice to proceed with the previously announced contract for the first all-electric integrated project by the Northern Endurance Partnership (NEP), a joint venture between bp, Equinor, and TotalEnergies. This notice follows NEP’s announcement of financial close and entry into the execution phase of the carbon dioxide (CO₂) transportation and storage infrastructure in the United Kingdom’s East Coast Cluster.

The contract covers the supply and installation of an all-electric subsea system, including trees, manifolds, umbilicals, and infield flowlines, which will be delivered using TechnipFMC’s integrated Engineering, Procurement, Construction, and Installation (iEPCI™) execution model. The Company’s all-electric technology enables the extended distances required for the project.

Luana Duffé, Executive Vice President, New Energy at TechnipFMC, commented: “We are excited to see this development move forward, as it is a significant milestone for the United Kingdom and our Company. TechnipFMC will leverage its industry-leading subsea expertise and proprietary technologies to deliver the first all-electric iEPCI™ for carbon transportation and storage.”

1. For TechnipFMC, the contract is categorised as a “large” award, valued between $500 million and $1 billion. This award was included in inbound orders in the third quarter of 2024.

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