PREZIOSO Linjebygg Wins BP Offshore Work

Published at 01:36PM - 04/02/16

PREZIOSO Linjebygg wins BP offshore work on the Norwegian continental shelf, in a frame agreement worth a potential US$ 21 million.

The contract will see PREZIOSO Linjebygg supply BP Norge with a range of inspection and maintenance disciplines that require the use of specialised rope access techniques.

PREZIOSO Norge CEO,  Christopher B. Jenssen, said: “We are very pleased with the award of this contract, which is one of the largest within rope access in Norway,”

PREZIOSO Linjebygg Wins BP Offshore Work

The deal covers all 13 offshore oil and gas platforms and the one FPSO, BP operates in the Norwegian sector, including the Hod, Skarv, Tam, Ula and the gian Valhall complex.

The framework agreement has an initial duration of 3 years with options giving the ability to extend up to 9 years.

PREZIOSO have set the approximate value to the deal at NOK 20 million (US$ 2.3m) per annum, putting the potential total value at NOK 180 million (US$ 21m) over the 9 year life.

Mr Jenssen added “BP’s plant fits well with our delivery model, where innovative solutions will contribute to cost reductions and extended life for plants. We look forward to a long and good cooperation with BP Norway AS.”