Group 1: Core Agreement and Collaboration - BP has signed a global frame agreement with the Subsea Integration Alliance, which includes SLB's OneSubsea and Subsea7, to enhance subsea project execution through collaboration and innovative commercial models [1][2] - The partnership aims to improve project outcomes and facilitate project delivery by leveraging cross-domain teams and expertise throughout the lifecycle of each project [1][2] Group 2: Contract Details - BP awarded a multimillion-dollar engineering, procurement, construction, and installation (EPCI) contract to OneSubsea and Subsea7 for subsea pipelines and production systems in the UK North Sea [2] - Subsea7 expressed pride in its ongoing relationship with BP and emphasized the importance of early involvement in field development to provide a holistic approach to project planning and delivery [2][3] Group 3: Enhanced Capabilities - OneSubsea highlighted that the new agreement strengthens its long-standing relationship with BP, allowing for deeper collaboration from the initial field development phase to the extension of mature asset life [3] - The collaboration is expected to enhance OneSubsea's capabilities in field delivery and enable the deployment of tailored solutions for subsea projects [3]
BP Signs New Agreement to Drive Cutting-Edge Subsea Solutions