Corac Group gets BP Trinidad, Tobago service pact

7/8/2013

Corac Group gets BP Trinidad, Tobago service pact

BY IAIN PACKHAM

LONDON -- Corac Group, active in energy and environmental technologies, said that its subsidiary Corac Energy Technologies has signed a Master Services Agreement with BP Trinidad and Tobago.

This five-year agreement provides pre-agreed commercial terms to facilitate BP's procurement of development, production, testing and installation of compact gas compression systems.

The agreement builds upon successful feasibility work carried out for a system to be deployed on an offshore gas production platform operated by BP Trinidad and Tobago.

The compression systems will use much of Corac's core technology with the addition of some established subsystems provided by supply side partners.

Using high-performance permanent magnet motors with frictionless bearings, the systems will be compact, lightweight and low maintenance. This makes them suitable for use on remote and unmanned production platforms.

Dow Jones Newswires

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