Atkins to provide global riser analysis for BP
- Business & Finance
Atkins, a member of the SNC-Lavalin Group, has been awarded a five-year framework contract by oil major BP for global riser analysis services.
Atkins said last week that the framework covers four main scopes of work.
Namely, the company will undertake marine riser and wellhead systems analysis, analysis for wellhead fatigue monitoring, completion landing string analysis, and open water work-over riser analysis.
Martin Grant, executive vice president of oil and gas engineering and consulting at SNC-Lavalin, said: “To be named as one of BP global wells organization’s engineering providers for such crucial riser analysis services is a testament to the trust we have developed over 50 years working together […].”
The company added that this was the first framework awarded to the combined Atkins and SNC-Lavalin business by BP.
The new deal builds on the implementation of the five-year framework global agreement for engineering and consulting services for operations and three a three-year framework global agreement for conceptual engineering services to projects already held by Atkins.
“The combined Atkins and SNC-Lavalin capabilities sets itself apart by taking a systematic and global approach to riser analysis, not only focusing on the riser itself but also the overall, integrated coupled system, global performance and hydrodynamics and the impact of the integrated system on individual components, or vice-versa,” said Atkins.
It is worth mentioning that SNC-Lavalin acquired Atkins on July 3, 2017. At the time of the acquisition, Atkins had approximately 18,000 employees in the US, Middle East, Asia, the UK, and Scandinavia. The new combined company now has over 50,000 employees.
The total cash consideration for the acquisition of Atkins was approximately C$3.6 billion ($2.7 billion, conversion rate as of April 2017).