bp and TechnipFMC Partner on Paleogene 20K Subsea Trees via New MoU
bp and TechnipFMC have signed an MoU to cooperate on 20,000-psi subsea tree systems for bp’s Paleogene projects in the U.S. Gulf, targeting greater schedule certainty.
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TechnipFMC and bp have signed a memorandum of understanding (MoU) to collaborate on providing 20,000-psi (20K) subsea tree systems for bp’s Paleogene developments in the U.S. Gulf of Mexico.
The agreement with BP Exploration & Production Inc. focuses on early opportunity identification and joint technology development to enhance project performance and schedule reliability.
TechnipFMC Chair and CEO Doug Pferdehirt stated that the partnership highlights a commitment to standardizing 20K technology, combining established systems with repeatable delivery methods to boost predictability for future projects.
