Offshore engineering firm Subsea 7 has signed a £185million contract extension with BP for work west of Shetland.
Oslo-listed Subsea 7 said yesterday it would continue to provide construction, inspection, repair and maintenance services for the operator until 2017 under the deal, securing 100 jobs.
It added that its Subsea Viking support vessel would be used primarily for BP’s Foinaven and Schiehallion fields plus other North Sea assets.
The developments, which lie 110 miles west of Shetland, are nearly 10 miles apart and in water up to 1,500 feet deep.
Subsea 7 UK and Canada vice-president Steph McNeill said: “Subsea 7 has successfully supported BP’s operations in the very challenging deepwater environment west of Shetland since 1998, and today’s announcement will see that relationship continue for at least a further five years.
“This award highlights our proven track record for safely delivering successful specialist life-of-field operations in one of the harshest offshore environments.”
“Subsea 7 has accumulated a considerable understanding of the unique challenges of working in this environment, enabling us to develop and implement innovative technology.”
Subsea 7 supports global operations out of offices at Westhill, near Aberdeen, where it employs 1,500 people.
Trevor Garlick, regional president for BP in the North Sea, said: “We are continuing to invest heavily in our core North Sea assets.
“We look forward to continuing to work with Subsea 7 in safely maintaining our existing and new subsea infrastructure.”
Subsea 7 was formed in January last year through the acquisition of an existing Subsea 7 business by Norwegian-owned energy service firm Acergy.
The all-share deal was worth about £1.75billion.