Subsea Boosting System
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BP Taps SLB OneSubsea for Tiber Deepwater Subsea Boosting System
ZACKS· 2025-11-21 14:26
Group 1 - BP plc has awarded a contract to the OneSubsea joint venture for a subsea boosting system for the Tiber project, a deepwater development offshore the United States [1] - The OneSubsea joint venture, formed by SLB, Aker Solutions, and Subsea7, also secured a similar contract for BP's Kaskida project in the Gulf of Mexico, both targeting the complex Paleogene reserves [2] - The subsea boosting systems are designed to enhance recovery rates and efficiency in deepwater environments, optimizing space and reducing power usage [3] Group 2 - BP announced a final investment decision on the Tiber-Guadalupe project, which will be its seventh production hub in the Gulf of America, with a capacity of 80,000 barrels of crude oil per day, expected to start production in 2030 [4] - BP currently holds a Zacks Rank 3 (Hold), while other energy sector stocks like Oceaneering International and Canadian Natural Resources have higher rankings [5] - Oceaneering International provides integrated technology solutions across the offshore oilfield lifecycle, ensuring steady revenue growth [6] - Canadian Natural Resources is a major independent energy company in Canada with a diversified portfolio and a long history of dividend increases [7] - FuelCell Energy focuses on low-carbon energy solutions and is expected to play a significant role in the energy transition [9]