July 01, 2026 [Storage Terminals Magazine]- TechnipFMC has secured a large integrated engineering, procurement, construction, and installation (iEPCI^®) contract from Vår Energi for the Ofelia and Gjøa Nord projects in the Gjøa area of the North Sea.

The contract was awarded directly under a five-year collaboration agreement signed in 2025, which aims to deliver subsea developments using TechnipFMC’s integrated execution model. The agreement is intended to streamline project delivery and accelerate development through coordinated portfolio execution.

Jonathan Landes, president of Subsea at TechnipFMC, said Vår Energi is adopting a portfolio approach for projects in the Gjøa area to shorten project cycle times and enhance overall returns. He noted that the strategy relies on close collaboration and TechnipFMC’s integrated execution model, adding that the company is supporting Vår Energi’s objective of achieving first oil from the developments within two years.