05:38 PM EDT, 10/07/2024 (MT Newswires) -- TechnipFMC ( FTI ) received an engineering, procurement, construction and installation contract for at least $250 million from BP (BP) for the new Kaskida oil and gas development project in the Gulf of Mexico.

The "substantial" contract may be for as much as $500 million, TechnipFMC ( FTI ) said Monday in a statement.

The contract covers the design and manufacture of subsea production systems and was included in Q3 inbound orders, the company said.