BP Awards Subsea 7 an Extended Contract for North Sea Assets

Share This Post

Tech News Summary:

  • Subsea 7 has extended its framework agreement with BP for subsea construction, inspection, repair and maintenance (IRM) services across all of the oil and gas major’s assets in the North Sea.
  • The two-year extension runs until the end of 2025 and includes the provision of a light construction, reconnaissance and IRM vessel equipped with work and observation class remotely operated underwater vehicles (ROVs).
  • The contract extension is valued within the range of $50 million to $150 million and reflects Subsea 7’s commitment to delivering high-quality subsea solutions for its clients.

Subsea 7, a leading global contractor for the offshore energy industry, has secured an extended contract with BP for its North Sea assets. The contract, valued at $50 million, will see Subsea 7 provide subsea construction, inspection, repair and maintenance (IMR) services for BP’s operations in the North Sea.

The contract extension is part of Subsea 7’s ongoing partnership with BP and reflects the company’s commitment to delivering cost-effective and efficient solutions for its clients. Subsea 7 will utilize its state-of-the-art vessels and advanced technologies to support BP’s ongoing operations in the North Sea.

Steph McNeill, Subsea 7’s Vice President for UK & Canada, commented on the contract extension, stating, “We are delighted to have secured this contract extension with BP, which demonstrates the strength of our relationship with the client and our strong track record in the North Sea. Our dedicated team is committed to delivering safe and reliable services to support BP’s operations, and we look forward to continuing our successful collaboration.”

The contract extension is a significant win for Subsea 7 and reaffirms the company’s position as a trusted partner for major operators in the offshore energy sector. With a focus on innovation and operational excellence, Subsea 7 is well-positioned to support BP’s North Sea assets and contribute to the long-term success of the region’s energy industry.

Read More:

Partnership Between Mitsubishi Electric and Nozomi Networks Strengthens Operational Technology Security Business

Mitsubishi Electric and Nozomi Networks Partnership Mitsubishi Electric and Nozomi...

Solidion Technology Inc. Completes $3.85 Million Private Placement Transaction

**Summary:** 1. Solidion TechnologyInc. has announced a private placement deal...

Analyzing the Effects of the EU’s AI Act on Tech Companies in the UK

Breaking Down the Impact of the EU’s AI Act...

Tech in Agriculture: Roundtable Discusses Innovations on the Ranch

Summary of Tech on the Ranch Roundtable Discussion: ...

Are SMEs Prioritizing Tech Investments Over Security Measures?

SMEs Dive Into Tech Investments, But Are...

Spotify Introduces Music Videos for Premium Members in Chosen Markets

3 Summaries of Spotify Unveils Music Videos for Premium...

Shearwater to Monitor Production at Equinor’s Two Oil Platforms

Shearwater GeoServices secures 4D monitoring projects from Equinor for...

Regaining Europe’s Competitive Edge in Innovation: Addressing the Innovation Lag

Europe’s Innovation Lag: How Can We Regain Our Competitive...

Related Posts

Government Warns of AI-Generated Content: Learn More about the Issue

Government issued an advisory on AI-generated content. All AI-generated content...

Africa Faces Internet Crisis: Extensive Outage Expected to Last for Months, Hardest-Hit Nations Identified

Africa’s Internet Crisis: Massive Outage Could Last Months, These...

FTC Investigates Reddit for AI Content Licensing Practices

FTC is investigating Reddit's plans...

Journalists Criticize AI Hype in Media

Summary Journalists are contributing to the hype and...