TechnipFMC, BP Unit Sign MoU on 20,000-PSI Subsea Tree Systems for Paleogene Projects
MT newswire2026/10/20 21:29Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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05:29 PM EDT, 10/20/2026 (MT Newswires) -- TechnipFMC (FTI) said late Tuesday it signed a memorandum of understanding with BP (BP) unit BP Exploration & Production, covering cooperation on 20,000-psi subsea tree systems for BP's Paleogene projects in the Gulf of Mexico. Financial details weren't disclosed. The agreement establishes a framework for the companies to identify early opportunities and collaborate on future technology development aimed at improving schedule certainty and project outcomes, TechnipFMC said.
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