TechnipFMC and bp sign MoU for Gulf of America subsea systems

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Go back to TechnipFMC and bp sign MoU for Gulf of America subsea systems

TechnipFMC and bp Sign MoU for Supply of 20K Subsea Production Systems

October 20, 2026 4:15 PM EDT

NEWCASTLE & HOUSTON--(BUSINESS WIRE)-- 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 bps Paleogene projects in the Gulf of America.

The MoU allows both parties to identify and work cooperatively on early opportunities and future technology development in support of greater schedule certainty and improved... More