TechnipFMC plc announced it has been awarded a large integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by bp for the greenfield Tiber development in the Gulf of America. The contract value for TechnipFMC is between $600 million and $800 million and was included in inbound orders for the fourth quarter of 2025. This award builds on the ongoing engineering and equipment work for bp’s Kaskida project, bp’s first 20,000 psi (20K) Paleogene project, also awarded to TechnipFMC in 2024.

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