OneSubsea Lands BP Deal
- Business & Finance
OneSubsea 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.
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.”