TechnipFMC awarded iEPCI contract for BP Kaskida development

TechnipFMC (FTI) has been “awarded an integrated Engineering, Procurement, Construction, and Installation – or iEPCI – contract by BP (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 study by TechnipFMC. 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.”