TechnipFMC and BP Sign MOU for Potential 20,000-PSI Gulf Systems
Photo: TokenPost
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. 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. The new memorandum is separate from TechnipFMC’s existing integrated engineering, procurement, construction and installation (iEPCI) contracts for BP’s Kaskida and Tiber developments.
Source: TokenPost
