TechnipFMC secures iEPCI contract from bp for Tiber project

TechnipFMC has secured an integrated engineering, procurement, operation and installation (iEPCI) declaration from bp for the Tiber improvement successful the Gulf of Mexico.

The fiscal details of the Tiber declaration person not been disclosed, but it is estimated to beryllium betwixt $600m and $800m.

The declaration was recorded successful TechnipFMC's inbound orders for the 4th fourth of 2025 (Q4 2025).

It builds connected ongoing engineering and instrumentality enactment for bp’s archetypal 20,000 pounds per quadrate inch Kaskida task successful the Paleogene, which was awarded to TechnipFMC successful 2024.

BP made a last concern determination connected the Kaskida task successful 2024.

The Kaskida task is wholly owned by bp and is expected to output 80,000 barrels of crude lipid per time from six wells during its archetypal phase, with accumulation commencing successful 2029.

The field's recoverable resources are estimated astatine astir 275 cardinal barrels of lipid equivalent (mboe) during its inaugural phase.

TechnipFMC Subsea president Jonathan Landes said: “Building connected the Kaskida iEPCI execution exemplary and technologies, we are realising the imaginable of repeatable and systematic transportation of integrated projects wrong an existing basin.

“This differentiated attack to technology-enabled greenfield improvement relies conscionable arsenic overmuch connected collaboration arsenic it does method innovation. We are excited to beforehand some done this project.”

In September 2025, bp sanctioned the $5bn (£3.7bn) Tiber-Guadalupe project, which comprises the Tiber and Guadalupe fields.

The 2 fields are projected to incorporate astir 350mboe successful recoverable resources during the archetypal phase. Further valuation could pb to further drilling successful aboriginal phases.

In different developments, TechnipFMC received a declaration from Eni past period for the Coral North task offshore Mozambique.

Valued astatine betwixt $250m (€213.42m) and $500m, this declaration was recorded successful the company's Q2 orders for 2025.

In September past year, TechnipFMC won a declaration for subsea accumulation systems from Petrobras pursuing a competitory bidding process.

"TechnipFMC secures iEPCI declaration from bp for Tiber project" was primitively created and published by Offshore Technology, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.