Lloyd’s Register said it had been awarded a major contract to provide Maersk Oil with risk-management services.
The deal is worth a multi-million pound sum and is expected to last until 2013.
The scope of the work directly impacts the value. The exact figure will depend on how much work Maersk requires Lloyd’s to do.
The agreement requires Lloyd’s to support Maersk’s global management of four key areas of operational risk – hazard identification and risk assessment, accident and incident investigation, management of change and contractor management.
The agreement covers Maersk’s current production areas, which include Denmark, the UK, offshore Qatar and Kazakhstan, from where the company sources a daily aggregate of about 700,000 barrels of oil equivalent.
It also covers Maersk’s exploration and drilling campaigns.