Offshore contracting giant TechnipFMC has been awarded an integrated engineering, procurement, construction, and installation (iEPCI) contract by BP for its Tiber development in the Gulf of Mexico.
This direct award leverages the engineering and equipment in progress for BP’s first 20,000 psi Paleogene project, Kaskida, which BP awarded to TechnipFMC in 2024.
The financial details of the deal were not revealed. However, the company said that the deal was large, which places it in the $600m to $800m range. This award was included in inbound orders in the fourth quarter of 2025.
“Building on the Kaskida iEPCI execution model and technologies, we are realising the potential of repeatable and systematic delivery of integrated projects within an existing basin,” said Jonathan Landes, president of subsea for TechnipFMC.
In the last month of 2025, TechnipFMC was awarded a contract by Ithaca Energy for flexible risers on the Captain development in the UK North Sea and an EPCI contract by Eni on the Coral North development offshore Mozambique.
