BP delivers US Gulf project contract to offshore venture

News Digest (www.upstreamonline.com)

Contract Award for Tiber Development

SLB OneSubsea has been awarded an engineering, procurement, and construction (EPC) contract by BP to provide a subsea boosting system for the Tiber development in the US Gulf of Mexico. The specific terms of the contract were not disclosed.

Strategic Partnership and Standardized Solution

This award follows a similar contract previously secured by the joint venture—comprising SLB, Aker Solutions, and Subsea7—for BP's Kaskida development. Both the Tiber and Kaskida projects will utilize an identical, supplier-led, standardized high-pressure subsea pump system solution. This approach is part of a broader industry trend where operators are increasingly adopting subsea boosting strategies to free up topside space and reduce power requirements on platforms.

Project Timelines and Technological Focus

BP sanctioned the Kaskida project in 2024 and the Tiber project in 2025. The company is targeting first oil from Kaskida by 2029, with production from Tiber expected to follow by 2030. Both developments will employ advanced 20k technology, which is equipment designed to handle extreme reservoir pressures of up to 20,000 pounds per square inch.

Targeting the Paleogene Play

These projects are focused on the Paleogene geological formation in the US Gulf of Mexico. BP estimates that this play holds approximately 10 billion barrels of discovered resources, and the subsea boosting systems are intended to help maximize value recovery from these challenging, high-pressure reservoirs.

This material is an AI-assisted summary based on publicly available sources and may contain inaccuracies. For the original and full details, please refer to the source link. Based on materials by Robert Stewart. All rights to the original text and images remain with their respective rights holders.

19 November 2025

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