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Publish Date : 21-Mar-2016

OneSubsea, a Cameron and Schlumberger company, 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.

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