Key highlights
- TechnipFMC awarded a large iEPCI™ contract by bp for the Tiber project.
- The contract value is between $600 million and $800 million.
- The project builds on bp's 20,000 psi Kaskida development.
- The award was included in TechnipFMC's Q4 2025 inbound orders.
Contract Award
TechnipFMC has secured a significant integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract from bp for the Tiber development in the Gulf of America. This project is a greenfield development, marking a substantial collaboration between the two companies.
Project Details
The Tiber project leverages the engineering and equipment from bp's first 20,000 psi (20K) Paleogene project, Kaskida, which was awarded to TechnipFMC in 2024. This approach aims to deliver integrated projects efficiently within an existing basin.
Financials
The contract is valued between $600 million and $800 million. This award was recorded in TechnipFMC's inbound orders for the fourth quarter of 2025, highlighting its financial significance.
