TechnipFMC Wins Large iEPCI Contract from bp for Tiber Greenfield Project

FTIFTI

TechnipFMC has been awarded a large integrated Engineering, Procurement, Construction and Installation contract by bp for its greenfield Tiber development in the Gulf of Mexico. The award leverages engineering and 20,000 psi Paleogene equipment previously procured for bp’s Kaskida project in 2024.

1. TechnipFMC Schedules Q4 2025 Earnings Release and Webcast

TechnipFMC will issue its fourth-quarter 2025 results on Thursday, February 19, 2026, with a press release at 11:45 a.m. London time followed by a conference call at 1:30 p.m. London time (8:30 a.m. New York). Investors can access the live webcast via the company’s Investor Relations site or register in advance. A replay will be made available immediately after the event. The comprehensive release and discussion will cover segment performance in Subsea and Surface Technologies, expected capital expenditure trends for 2026 and updates on working capital management strategies critical to free cash flow generation.

2. Awarded Integrated EPCI Contract for bp’s 20K Tiber Project

TechnipFMC has secured a direct award for a large integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract on bp’s 20,000 psi Paleogene Tiber development in the Gulf of America. This follows its successful delivery of the Kaskida 20K project awarded in 2024 and underscores TechnipFMC’s leadership in high-pressure subsea systems. The contract leverages proprietary pumping, control and monitoring technologies, and is expected to commence engineering mobilization in Q2 2026, contributing an estimated $400 million to backlog at bid-to-order margins consistent with the company’s target of mid-teens percent.

3. Positive 2025 Results and 2026 Outlook Presented at Goldman Sachs Conference

At the Goldman Sachs Energy, CleanTech & Utilities Conference, CEO Douglas Pferdehirt highlighted that 2025 was a strong year with double-digit growth in Subsea revenue and sequential improvement in EBITDA margin. He noted that the company’s guidance issued in October projects further revenue expansion and margin enhancement in 2026, driving compounding growth in EBITDA dollars. Pferdehirt credited approximately 22,000 employees worldwide for delivering on integrated ecosystem solutions such as iEPCI™, iFEED™ and iComplete®, and emphasized ongoing digital innovation to support clients’ energy transition ambitions while maintaining capital discipline and operational efficiency.

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