OneSubsea has signed a two contracts with oil major BP to provide engineering, procurement and construction (EPC) of Subsea Production Systems (SPS) and Subsea Aftermarket Services.
The Cameron and Schlumberger company said both agreements, which are five-year global frame agreements, have been 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 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.”
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