TechnipFMC awarded iEPCI contract for PETRONAS Limbayong deepwater project
- FMC Wellhead Equipment Sdn. Bhd., a TechnipFMC subsidiary, won an iEPCI® contract from PETRONAS Carigali for the Limbayong deepwater greenfield development offshore Malaysia.
- TechnipFMC classifies the award as “significant,” defined as between $75 million and $250 million for the company.
- The scope covers the entire subsea package delivered via TechnipFMC’s iEPCI® execution and Subsea 2.0® configure‑to‑order platform.
- TechnipFMC said the award will be included in inbound orders in the third quarter of 2026 and is intended to shorten cycle time and improve project economics.
Contract award
FMC Wellhead Equipment Sdn. Bhd., a TechnipFMC subsidiary, has been awarded an integrated Engineering, Procurement, Construction and Installation (iEPCI®) contract by PETRONAS Carigali Sdn. Bhd. for the Limbayong deepwater greenfield development offshore Malaysia.
Scope and platform
The contract covers the entire subsea scope delivered via TechnipFMC’s iEPCI® execution and its Subsea 2.0® configure‑to‑order (CTO) platform, aimed at reducing project cycle time on a fast‑track development.
Commercial and timing
TechnipFMC classifies the award as “significant,” defined as between $75 million and $250 million for the company, and said the award will be recorded in inbound orders in the third quarter of 2026.
Strategic rationale
TechnipFMC stated the integrated approach and CTO platform are intended to improve project economics, accelerate delivery and enhance project execution for Malaysia’s offshore energy sector.
Source: TechnipFMC
