BP Books TechnipFMC on Multimillion-Dollar Job at Its First 20K Tech Oil Project

Wedoany.com Report-Oct 09,  UK-based energy heavyweight BP has picked a compatriot energy technology provider TechnipFMC for work at its sixth-operated deepwater project in a prolific high-margin basin within the U.S. Gulf of Mexico.

Thanks to a contract with a value between $250 million and $500 million, TechnipFMC will handle an integrated engineering, procurement, construction, and installation (iEPCI) contract for BP’s greenfield Kaskida development in the Gulf of Mexico, lending the oil major a helping hand in unlocking the potential to bring online 10 billion barrels of discovered resources in place.

The deal covers the design and manufacture of subsea production systems, including 20,000 psi (20K) standardized subsea trees and manifolds. In addition, the scope includes the design, manufacture, and installation of subsea umbilicals, risers, and flowlines. This award follows an integrated front end engineering and design (iFEED) study that the UK firm carried out for BP.