Cape has won a contract with BP for a major North Sea extension scheme.
The engineering firm secured an extension for its work on the Magnus Life Extension project, which sits under BP’s North Sea renewals programme.
Under the agreement, Cape will continue to service the field through the second quarter of 2015.
Managing director Simon Hicks said: “We are delighted to be awarded this project to support BP in its North Sea renewals programme, we look forward to working with BP to deliver this project safely and effectively.”
Magnus, the North Sea’s biggest platform, achieved first oil in September 1983. It’s also the UK’s most northerly oil and gas field, situated 300 miles south of the Arctic Circle.
Magnus was originally expected to produce until the mid-1990s but after three decades of successful operations and its billionth barrel of oil, Magnus is now looking at a future into the 2020s and beyond, according to BP.
The firm has since undertaken the most extensive offshore fabric maintenance programme ever carried out in the North Sea.