INTERNATIONAL oil and gas service company Cape said yesterday it had won a multimillion-pound contract with Total Exploration and Production (E&P) UK.
Cape, which has offices in Aberdeen and operates with around 1,200 people in the North Sea, said it would carry out a range of fabric maintenance services for the French energy giant’s UK assets. The three-year contract covers the Alwyn North, Dunbar, Elgin-Franklin and St Fergus assets, and has a two-year extension option.
Although the value of the deal was undisclosed, it is believed to be worth more than £10million.
Cape chief executive Martin May said: “We are pleased to be building further on this important relationship with Total E&P UK, having been awarded contracts on their Dutch sector assets last year. This is strategically important to Cape as it extends our presence on the UK continental shelf on and offshore.”
Oil explorer Cairn India said yesterday it had received approval from its shareholders to accept conditions, imposed by the Indian government, necessary to clear the sale of 40% of the company to Vedanta Resources. Cairn India is a subsidiary of Edinburgh-based Cairn Energy.