Subsea 7 S.A. has recently declared that it has secured a sizeable (1) extension to the existing contract by BP Exploration Operating Company Limited, for the provision of Subsea Construction, Inspection, Repair and Maintenance (IRM) services in the North Sea.
According to the terms of this agreement, Subsea 7 will provide BP with an additional two years of cost-effective IRM delivery, extending the contract to 2019. It covers the maintenance of the Schiehallion, Loyal, Foinaven and East Foinaven fields west of Shetland and will provide increased operational value and return for BP and its joint venture partners in the respective fields (Shell, OMV, Marathon Oil and Faroe Petroleum).
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 maximizing the production objectives for their operated fields.”
