TechnipFMC wins subsea work for bp's Tiber development in U.S. Gulf

TechnipFMC has been awarded an iEPCI contract by bp for the 20,000-psi Tiber development in the Gulf of America Paleogene, extending the subsea contractor’s backlog in one of the basin’s most technically demanding frontiers. 

The award builds on engineering and equipment already in progress for bp’s first 20K Paleogene project at Kaskida, which TechnipFMC received as an integrated development contract in 2024. The Tiber field represents the second major high-pressure program bp has advanced in the Gulf pre-salt and is expected to utilize a similar execution model to the Kaskida campaign.

Jonathan Landes, president of subsea at TechnipFMC, said the differentiated approach relies on systematic continuation of work within an existing basin. “This strategy depends as much on collaboration as it does on technical innovation, and the Tiber award reflects bp’s intent to extend high-pressure development using an integrated iEPCI framework,” he noted.

TechnipFMC said the value of the contract is between $600 million and $800 million and that the fixture was included in inbound orders during fourth-quarter 2025. The companies added that completion planning and installation schedules will be aligned with equipment procurement already underway in Trinidad.

The Tiber award underscores continued operator interest in ultra-deepwater high-pressure reservoirs of the Paleogene, where analysts say integrated contracting models remain essential to managing costs, logistics risk and long-term gas deliverability benchmarks across the U.S. Gulf.