OneSubsea Inks Global EPC and Subsea Aftermarket Services Frame Agreements with BP
Wednesday 16 March 2016
OneSubsea has signed two 5-year global frame agreements (GFA) with BP to provide Engineering, Procurement, and Construction (EPC) of Subsea Production Systems (SPS) and Subsea Aftermarket Services.
Continuing the long-established success of previous supply agreements with BP, both GFAs have been specifically designed and formulated to accommodate supplier-led solutions. The agreements provide a framework for worldwide supply of SPS technology and subsea aftermarket services, including service personnel and rental equipment.
Mike Garding, Chief Executive Officer of OneSubsea, said, “This is a positive step for the industry, demonstrating how successful collaboration between operators and suppliers can reduce cost and schedules through standardization. BP has been a driving force in progressing a philosophy of supplier-led solutions, where standard designs, quality, and materials are aligned with its functional specifications.”
Source: OneSubsea