Subsea 7 has won a “sizeable” contract from BP for its assets in the UK North Sea.
The service firm said it deems a sizable contract to be between $50million and $150million but failed to give an exact figure.
The contract includes the maintenance of the Schiehallion, Loyal, Foinaven and East Foinaven fields west of Shetland.
Phil Simons, vice president UK and Canada, said: “We are pleased to extend our delivery of IRM services for BP’s west of Shetland developments. In the current commercial environment our track record in IRM and in-house capability for remote tooling design, build and operation, ensure we continue to offer low-cost solutions and respond to our client’s challenges and needs. We look forward to working with BP on maximising the production objectives for their operated fields.”
The work will be handled by the firm’s Aberdeen office.
The contract win comes on the same day the firm confirmed it had shed 3,600 jobs in the past year. Read more here.
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