Bilfinger gets three-year renewal with BP
- Business & Finance
The engineering and services group Bilfinger has renewed its framework agreement with BP, valued at €140 million ($153.3M), for further three years.
According to Bilfinger, the contract covers maintenance services at two of its largest midstream oil and gas terminals in Scotland – Forties Pipeline System (FPS), Grangemouth and Sullom Voe Terminal (SVT), Shetland.
A significant portion of the offshore production in the North Sea is brought together here where it is either stored, transported to other locations or processed. The agreement covers scaffolding, insulation, corrosion protection and fire-proofing, the company said.
“This order is in line with our strategy of strengthening our focus on Europe and of further expanding cooperation with our top clients,” says Per H. Utnegaard, Chairman of the Executive Board at Bilfinger.
In the United Kingdom, Bilfinger has been working together with the global oil and energy group for more than six years, Bilfinger noted.
“Bilfinger is a strategic partner to BP supplying services across UK, Norway, Belgium, Germany and the Netherlands, which demonstrates our close co-operation with customers and our extensive European service network.”