Offshore

TechnipFMC Awarded iEPCI™ Contract for bp’s 20K Tiber Project in the Paleogene

TechnipFMC has secured a $600–800 million iEPCI contract from bp for the 20K Tiber Paleogene greenfield development in the Gulf of America, leveraging work already underway for Kaskida.

Image source: TechnipFMC

6, January 2026
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NEWCASTLE & HOUSTON, January 5, 2026 — TechnipFMC has been awarded a largeintegrated Engineering, Procurement, Construction, and Installation (iEPCI) contract by bp for its greenfield Tiber development in the Gulf of America.

This direct award leverages the engineering and equipment in progress for bp’s first 20,000 psi (20K) Paleogene project, Kaskida, which bp awarded to TechnipFMC in 2024.

TechnipFMC did not disclose the contract’s exact value, but said it falls in the $600 million to $800 million range.

Jonathan Landes, President, Subsea for TechnipFMC, commented: “Building on the Kaskida iEPCI™ execution model and technologies, we are realizing the potential of repeatable and systematic delivery of integrated projects within an existing basin. This differentiated approach to technology-enabled greenfield development relies just as much on collaboration as it does technical innovation. We are excited to advance both through this project.”

Tags: 20K Paleogene, Featured News, Greenfield development, Gulf of America, Offshore EPCI, Subsea iEPCI

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.

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