Gulf Oil SHOCKER! $800M Contract & 350M Barrels EXPOSED Today!
Did you know a single offshore project in the Gulf of Mexico, the Tiber development, is estimated to be worth a staggering $600 million to $800 million, yet its precise financial details remain undisclosed? TechnipFMC secured this massive iEPCI contract from energy giant bp, building upon their existing Kaskida project which is projected to yield 80,000 barrels of crude oil daily from its initial phase. Furthermore, with recoverable resources for Tiber-Guadalupe estimated at 350 million barrels of oil equivalent, this signifies a monumental long-term commitment to deepwater exploration. This continues TechnipFMC's impressive winning streak, having recently secured additional multi-million dollar contracts from Eni and Petrobras. Ultimately, these colossal projects highlight the immense capital and strategic importance within the global energy sector; subscribe to our channel for more critical updates and analysis!
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