Aker Solutions Win Exclusive Worldwide BP Deal

Published at 09:16AM - 29/03/16

Aker Solutions win worldwide BP deal, effectively securing rights to provide the oil supermajor with subsea engineering on exclusive terms.

The deal has been set out in a frame agreement, for a firm initial five year period, with options that could see it extended to a total of seven.

Aker Solutions Win Worldwide BP Deal

Aker will supply BP with full subsea engineering, project management and integrity management, across its entire global portfolio of subsea oil and gas fields.

The value of the contract has not been disclosed by either company.

“We are delighted to partner with BP in finding cost-effective solutions to boost productivity and optimize the infrastructure of the company’s subsea fields,” said Aker Solutions CEO, Luis Araujo.

“We have provided subsea operations support to BP in the UK for more than 15 years and look forward to building on this partnership with a global agreement.”