**TechnipFMC Scores Major Win with BP for Kaskida Development in the Gulf of Mexico**
In a significant move in the oil and gas industry, TechnipFMC has secured a major integrated engineering, procurement, construction, and installation (iEPCI) contract from BP for the development of the Kaskida field in the Gulf of Mexico. This greenfield project marks a milestone in TechnipFMC’s ongoing collaboration with BP to deliver optimal subsea production solutions in the region.
The contract, valued between $250 million and $500 million, encompasses the comprehensive design and manufacture of subsea production systems. This includes the creation of advanced 20,000 psi (20K) standardized subsea trees and manifolds, which are critical for effectively managing high-pressure conditions in the Paleogene reservoir. Additionally, the scope extends to the design, manufacture, and installation of subsea umbilicals, risers, and flowlines. These components are essential for linking subsea wells to floating or fixed production platforms, facilitating the efficient extraction and transportation of hydrocarbons.
The award follows an integrated Front End Engineering and Design (FEED) study conducted by TechnipFMC. This meticulous planning phase lays the foundation for detailed engineering and procurement processes, ensuring that all technical specifications are thoroughly addressed.
Jonathan Landes, President of Subsea at TechnipFMC, underscored the company’s dedication to pioneering high-pressure solutions. “Our innovative high-pressure solutions are key to unlocking economically attractive opportunities in the Paleogene,” he said. “Kaskida is our latest iEPCI project with BP and demonstrates our ongoing collaboration to help bp successfully deliver the project.”
Kaskida will feature a new floating production platform with the capacity to produce 80,000 barrels of crude oil per day from six wells in its first phase. Production is expected to start in 2029. The Kaskida field, located in the Keathley Canyon area approximately 250 miles southwest of the coast of New Orleans, holds significant potential for future development, with estimated recoverable resources of around 275 million barrels of oil equivalent from the initial phase.
This contract solidifies TechnipFMC’s position as a preferred collaborator for major energy firms seeking dependable and innovative subsea solutions. The acquisition not only augments TechnipFMC’s project portfolio but also enhances its visibility in the Gulf of Mexico, a region recognized for deep-water initiatives.
In conclusion, the iEPCI contract for BP