TechnipFMC Awarded iEPCI Contract For bp's Greenfield 20K Development In The Paleogene

TechnipFMC has been awarded an integrated Engineering, Procurement, Construction, and Installation (iEPCI) contract⁽¹⁾ by bp for its greenfield Kaskida development in the Gulf of Mexico.

The contract covers the design and manufacture of subsea production systems, including 20,000 psi (20K) standardized subsea trees and manifolds. The scope also includes the design, manufacture, and installation of subsea umbilicals, risers, and flowlines.

The award follows an integrated Front End Engineering and Design (iFEED) study by TechnipFMC.

Jonathan Landes, President, Subsea for TechnipFMC, commented: “Our innovative high-pressure solutions are key to helping unlock the most economically attractive opportunities in the Paleogene. Kaskida is our latest iEPCI project with bp and is emblematic of our longstanding collaboration. Through early engagement, we’re leveraging the breadth of our technological and integration capabilities to help bp successfully deliver Kaskida.”

⁽¹⁾ For TechnipFMC, the contract is categorized as a “substantial” award, valued between $250M and $500M. This award was included in inbound orders in the third quarter of 2024.

About TechnipFMC
TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.

With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.

Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI, Ifeed and iComplete), technology leadership and digital innovation.

Each of our approximately 21,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.

For more information, visit www.TechnipFMC.com.