OneSubsea signs frame agreement with BP
3/16/2016
HOUSTON -- 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, CEO 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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