AKER Solutions has been awarded a contract renewal with BP for the oil giant’s assets west of Shetland.
The deal is for three years, with options for two one-year extensions.
Total contract value could reach £25million over the five years and could involve work on other BP UK assets.
Under the contract, Aker will provide project management for subsea field developments, life-of-field engineering support and other subsea engineering services.
The work will be managed out of Aker’s Aberdeen centre, where a 120-strong subsea engineering and field- development team is based.
The new agreement is the latest phase of Aker’s subsea engineering service to BP.
The co-operation originated with the development and operations support of deepwater west-of-Shetland oil fields Schiehallion and Foinaven in the 1990s.
Ian MacGruer, vice-president of subsea field development at Aker, said: “As a dedicated subsea engineering hub we have the know-how, experience and manpower to support BP through all phases of their subsea developments.”
Engineering and project-management group AMEC has announced a co-operation agreement with three companies in the Far East.
The deal is with the Korea Electric Power Corporation, Korea Gas Corp and Korea Development Bank.
It involves developing energy-related business opportunities and projects in South Korea and internationally.
At a ceremony in London yesterday, the four firms signed a two-year co-operation agreement under which they will form a joint venture to share their respective expertise in developing, constructing, managing and operating energy projects and sites. This will include nuclear, thermal power generation, gas, renewable energy and carbon reduction.
AMEC chief executive Samir Brikho said: “It is another step forward in AMEC’s development as one of the world’s leading service providers for the energy sector and opens up new geographic regions for us.”