TechnipFMC and bp Sign MoU for Supply of 20K Subsea Production Systems
Business Wire•20/10/2026•16:15 ET
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Key Highlights
- ➤TechnipFMC and bp sign MoU for 20K subsea tree systems
- ➤bp’s Paleogene projects target 20K subsea systems in Gulf of America
- ➤MoU covers early opportunities and future technology development
- ➤Collaboration aims to improve schedule certainty and project outcomes
Expert Statements
Doug Pferdehirt, Chair and CEO at TechnipFMC
“The MoU reflects our commitment to advancing the deployment of standardized 20K solutions. By combining proven technologies with repeatable and systematic project delivery, TechnipFMC can help improve predictability and performance across future developments.”
TechnipFMC and bp Sign MoU for Supply of 20K Subsea Production Systems
TechnipFMC (NYSE: FTI) today announced the signing of a Memorandum of Understanding (MoU) with BP Exploration & Production Inc., a subsidiary of BP p.l.c. (NYSE: BP), which sets out a framework for bp and TechnipFMC to cooperate in connection with the supply of 20,000 psi (20K) subsea tree systems for bp’s Paleogene projects in the Gulf of America.
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