TechnipFMC Awarded $600M to $800M Contract by BP
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 05 2026
0mins
TechnipFMC (FTI) has been awarded a large integrated Engineering, Procurement, Construction, and Installation contract by BP (BP) for its greenfield Tiber development in the Gulf of America. This direct award leverages the engineering and equipment in progress for bp's first 20,000 psi Paleogene project, Kaskida, which bp awarded to TechnipFMC in 2024. Jonathan Landes, President, Subsea for TechnipFMC, commented: "Building on the Kaskida iEPCI execution model and technologies, we are realizing the potential of repeatable and systematic delivery of integrated projects within an existing basin. This differentiated approach to technology-enabled greenfield development relies just as much on collaboration as it does technical innovation. We are excited to advance both through this project." For TechnipFMC, the value of this contract is between $600M and $800M. This award was included in inbound orders in the fourth quarter of 2025.
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Analyst Views on BP
Wall Street analysts forecast BP stock price to rise
11 Analyst Rating
5 Buy
5 Hold
1 Sell
Moderate Buy
Current: 37.560
Low
6.38
Averages
84.26
High
503.69
Current: 37.560
Low
6.38
Averages
84.26
High
503.69
About BP
BP p.l.c. is a United Kingdom-based integrated energy company. The Company's segments include Gas & low carbon energy, Oil production & operations, Customers & products, and Other businesses & corporate. Its gas business includes regions with upstream activities that produce natural gas, integrated gas and power, and gas trading. Its low carbon business includes solar, offshore and onshore wind, hydrogen and carbon capture and storage and power trading. Oil production & operations segment comprises regions with upstream activities that predominantly produce crude oil, including bpx energy. Customers & products segment comprises its customer-focused businesses, which include convenience and retail fuels, electric vehicle charging, as well as Castrol, aviation and business to business and midstream. It also includes its products businesses, refining and oil trading, as well as its bioenergy businesses. Other businesses & corporate segment comprises technology and bp ventures.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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