OneSubsea inks two 5-year frame agreements with BP
- Business & Finance
OneSubsea, a Cameron and Schlumberger company, has signed two 5-year global frame agreements (GFA) with BP to provide engineering, procurement, and construction (EPC) of subsea production systems (SPS) and subsea aftermarket services.
According to OneSubsea, both GFAs have been specifically designed and formulated to accommodate supplier-led solutions.
The agreements provide a framework for worldwide supply of SPS technology and subsea aftermarket services, including service personnel and rental equipment.
Mike Garding, Chief Executive Officer of OneSubsea, said, “This is a positive step for the industry, demonstrating how successful collaboration between operators and suppliers can reduce cost and schedules through standardization. BP has been a driving force in progressing a philosophy of supplier-led solutions, where standard designs, quality, and materials are aligned with its functional specifications.”
OneSubsea was also recently awarded a contract from BP and partner DEA, to supply subsea production systems for the West Nile Delta Giza/Fayoum and Raven fields, offshore Egypt.