Offshore providers agency Subsea 7 has prolonged an present body settlement with BP for subsea development, inspection, restore and upkeep (IRM) providers throughout the oil and gasoline main’s North Sea belongings.
That is the most recent extension because the unique body settlement started in 1998, Subsea 7 stated.
Underneath the phrases of the two-year extension to the top of 2025, Subsea 7 will present an IRM, survey and light-weight development vessel, full with work class and statement class remotely operated underwater automobiles (ROV), able to performing inspection, survey, intervention, subsea development and emergency response providers.
Challenge administration and engineering work will proceed to be managed from Subsea 7’s workplace in Aberdeen, the corporate confirmed.
Steve Properly, Senior Vice President for Subsea 7 UK & World Inspection, Restore and Upkeep, stated: “We’re immensely pleased with the protected and efficient IRM providers we’ve got executed for bp for 25 years throughout its west of Shetland belongings.
“Supporting BP in what’s notably one of many harshest offshore environments, has considerably contributed to the expansive deep-water mission supply experience that we provide throughout the globe.”
The value of the contract extension is within the $50 million to $150 million vary.
