Newswire — TechnipFMC has secured an integrated engineering, procurement, construction, and installation (iEPCI) contract from bp for its greenfield Kaskida development in the Gulf of Mexico.
The contract includes the design and manufacture of subsea production systems, such as 20,000 psi (20K) subsea trees and manifolds, as well as the installation of subsea umbilicals, risers, and flowlines. The project follows an earlier front end engineering and design (iFEED) study carried out by TechnipFMC.
“Our innovative high-pressure solutions are key to unlocking economically attractive opportunities in the Paleogene,” Jonathan Landes, president of subsea at TechnipFMC, said. “Kaskida is our latest iEPCI project with bp and demonstrates our ongoing collaboration to help bp successfully deliver the project.”
TechnipFMC categorized the contract as a “substantial” award, valued between $250 million and $500 million, and included it in inbound orders for the third quarter of 2024.
