TechnipFMC, a leading company in engineering and marine services, has signed an agreement with the British oil company BP for the supply of high-pressure subsea production systems. This agreement, signed with BP's exploration and production division, establishes a framework for collaboration on 20,000 psi subsea tree systems for BP's Paleogene projects.
Details of the Agreement and Its Objectives
This collaboration includes identifying early opportunities and advancing technology development. The main focus of both companies will be on standardizing subsea equipment, improving project delivery, and reducing time uncertainties. Previous collaborations between TechnipFMC and BP have included successful contracts for the use of 20K subsea technology in BP's Kaskida and Tiber projects.
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History of TechnipFMC Contracts
The recent agreement with BP comes after a series of contract wins for TechnipFMC in recent months. For example, in early October, the company received a contract from Petrobras for the supply of flexible pipeline systems for several pre-salt projects in Brazil's offshore waters. Additionally, in September, TechnipFMC secured an iEPCI contract from Petronas Carigali for the Limbayong project in the depths of Malaysian waters, which includes the entire subsea scope of this development.
Furthermore, in August, TechnipFMC received a contract from Azule Energy for the supply of flexible pipes, risers, and related equipment for the West Hub Tails project, which is a complementary development of the integrated Agogo development in Angola's offshore waters. These successes demonstrate TechnipFMC's ability to meet industrial needs and advanced technologies in subsea production.
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