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TechnipFMC Awarded $1 Billion Contract for Mero 3 Project in Brazil

Mike Schuler
Total Views: 1609
January 4, 2024

TechnipFMC (NYSE: FTI) has secured an integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract worth over $1 billion from Petrobras. The contract is for the Mero 3 HISEP project, which aims to capture carbon dioxide-rich dense gases near the sea floor and inject them into the subsea reservoir.

In collaboration with Petrobras, TechnipFMC has made significant advancements in qualifying core technologies required for the subsea delivery of the HISEP® (High Pressure Separation) process. Some of these technologies, including gas separation systems and dense gas pumps, are proprietary and will have applications in other subsea projects as well.

The upcoming Mero 3 project in Brazil’s pre-salt field will mark the first subsea use of Petrobras’s patented HISEP® process. The approach enables the direct capture of CO2-rich dense gases from the well stream, shifting part of the separation process from the topside platform to the sea floor. The technology is also supposed to increase production capacity by “debottlenecking” the topside gas processing plant.

“This is an important moment for our Company,” said Luana Duffé, Executive Vice President, New Energy at TechnipFMC. “With the HISEP® project, we will again demonstrate how our leadership in subsea processing, technology innovation, and integrated solutions can deliver real and sustainable benefits to our partners. We are honored to be trusted by Petrobras and its partners in the Libra Consortium to deliver this transformational project.”

Under the contract, TechnipFMC will be responsible for the design, engineering, manufacturing, and installation of various subsea equipment, including manifolds, flexible and rigid pipes, umbilicals, power distribution, as well as providing life-of-field services.

The Mero field is part of the Libra Production Sharing Contract (PSC). The Libra Consortium consists of: Petrobras as operator (38.6%); Shell Brasil Petróleo Ltda. (19.3%); TotalEnergies EP Brasil Ltda. (19.3%); CNOOC Petroleum Brasil Ltda. (9.65%); CNODC Brasil Petróleo e Gas Ltda. (9.65%); and Pré-Sal Petróleo S.A. (3.5%),

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