BP and TechnipFMC sign framework for high-pressure subsea systems

TechnipFMC has signed a memorandum of understanding with BP Exploration & Production on high-pressure subsea production systems, Splash247 reports. The framework concerns future Paleogene developments in the Gulf of Mexico.

The report identifies 20,000-psi subsea tree systems as the focus. It describes cooperation on early opportunities, technology development and equipment standardisation; it does not give a new equipment order value.

Source: Splash247 · original report