NEWCASTLE & HOUSTON, October 7, 2024 — TechnipFMC (NYSE: FTI) 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 $250 million and $500 million. This award was included in inbound orders in the third quarter of 2024.
