From TokenPost · · 50s
TechnipFMC and BP Sign Gulf Systems Deal
TechnipFMC and BP agree to explore 20,000-psi subsea systems for Gulf projects.
In brief
TechnipFMC and BP agree to explore 20,000-psi subsea systems for Gulf projects. TechnipFMC and BP signed a memorandum of understanding to discuss potential supply of 20,000-psi subsea tree systems for BP’s Paleogene projects in the Gulf of America. Originally reported by TokenPost.
New Memorandum of Understanding
TechnipFMC and BP Exploration & Production Inc. signed an agreement to explore supplying 20,000-psi subsea tree systems for BP’s Paleogene projects in the Gulf of America.
No Specific Commitments
Dated Oct.20, the memorandum of understanding sets a basis for discussing potential supply and technology development.It identifies no specific development, commits to no equipment order and provides no unit count, contract value or delivery timetable.
Existing Contracts Separate
The new memorandum is separate from TechnipFMC’s existing integrated engineering, procurement, construction and installation (iEPCI) contracts for BP’s Kaskida and Tiber developments.
The main idea
TechnipFMC and BP signed a memorandum of understanding to discuss potential supply of 20,000-psi subsea tree systems for BP’s Paleogene projects in the Gulf of America.
