Project · Deepwater FPSO · United States

Kaskida FPU (bp)

bp's first 20k-psi development: a greenfield hub with FPU fabrication, subsea manufacturing and installation scheduled 2025–2029 — the design is to be repeated on Tiber.

Checked by hand against the sources below (2026-10-20).

  1. Engineering (done)
  2. Fabrication (now)
  3. Transport & installation (next)
  4. Hook-up
  5. Commissioning
  6. Operation

Now Fabrication (reported: FPU under construction at Seatrium (steel strike 3Q2025; 25-50% complete at end-June 2026, yard delivery scheduled 2027) and subsea…)

Next Transport & installation · 2027 (FPU yard delivery scheduled 2027 (Seatrium order book), as reported)

Roles Project management & controls · Construction & supervision · QA/QC & HSE · Role groups per phase: our planning assumption from the Crew Forecast model.

Later Operation 2029 (first oil target 2029, as reported)

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Their rate stays; our fee goes on top: 20% → 15% → 12%. Open book →

Who works on it as the sources name them

  • bpOperator / owneroperator and sole owner; bp's sixth production hub in the Gulf
  • SeatriumEPC / main contractorEPC and onshore commissioning of the floating production unit — four-column semisubmersible hull with single topside module, integrated with Goliath twin…
  • TechnipFMCEPC / main contractorintegrated EPCI for subsea production systems incl. 20,000-psi standardized trees and manifolds, plus umbilicals, risers and flowlines; 'substantial' award…
  • SBM OffshoreTransport & installationwet tow and installation of the semi-submersible FPU (Apr 2025)
  • OneSubseaOther rolesubsea boosting (per OE Digital)
  • Exmar OffshoreEngineering & designFPU hull and topsides design engineering (per OE Digital)
  • Audubon EngineeringEngineering & designFPU hull and topsides design engineering (per OE Digital)
Kind
Deepwater FPSO
Country
United States
Size
80,000 b/d FPU; six wells at 20,000 psi; first oil 2029
Operator
bp
Position
26.90°N 92.90°W, approximate

Sources

  1. Seatrium to perform EPC work for bp's Kaskida FPUOffshore Magazine · published 2024-12-26 · read 2026-09-22
  2. SBM Offshore signs installation contract for bp's Kaskida project in US GulfSBM Offshore · published 2025-04-30 · read 2026-10-23
  3. TechnipFMC Scoops Kaskida Subsea WorkJPT (SPE) · published 2024-10-09 · read 2026-09-22
  4. Seatrium 1H2026 Results presentation (order book project table)Seatrium Limited (SGX filing) · published 2026-07-31 · read 2026-10-20
  5. Seatrium Continues Strong Momentum into 3Q2025 (business update)Seatrium Limited (investor newsroom PDF) · published 2025-11-13 · read 2026-10-08
  6. bp reportedly initiates sale of minority interests in Kaskida, Tiber projectsOffshore Magazine · published 2026-06-16 · read 2026-10-08
  7. Growing upstream: Oil & gasbp · published 2025-02 · read 2026-10-20
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