TechnipFMC Awarded Integrated Engineering, Procurement, Construction, And Installation Contract For bp's Greenfield 20K Development In The Paleogene; Contract Valued Between $250M-$500M
Portfolio Pulse from Benzinga Newsdesk
TechnipFMC has secured a significant contract from bp for the Kaskida development in the Gulf of Mexico, valued between $250M-$500M. This contract involves the design and installation of subsea systems and follows a prior engineering study by TechnipFMC.
October 07, 2024 | 8:17 pm
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TechnipFMC has been awarded a substantial contract by bp for the Kaskida development, valued between $250M-$500M. This contract is a testament to their technological capabilities and strong partnership with bp.
The contract is a significant addition to TechnipFMC's order book, indicating strong demand for their subsea solutions. The partnership with bp and the project's scale suggest a positive impact on revenues and market perception.
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