OneSubsea Signs Two Five Year GFA Agreements with BP
FREMONT, CA: OneSubsea, a joint venture company of Cameron and Schlumberger recently inked two separate 5-year global frame agreements (GFA) with British Petroleum. The agreement which is an extension of their previous deals allows BP to be now able to use Engineering, Procurement, and Construction (EPC) of Subsea Production Systems (SPS) and Subsea Aftermarket Services from OneSubsea.
“This is a positive step for the industry, demonstrating how successful collaboration between operators and suppliers can reduce cost and schedules through standardization. BP has been a driving force in progressing a philosophy of supplier-led solutions, where standard designs, quality, and materials are aligned with its functional specifications”, says Mike Garding, Chief Executive Officer, OneSubsea.
OneSubsea has been acclaimed by the subsea oil and gas market for its integrated solutions, products, systems, and services. Its reservoir recovery services enable subsea industries to optimize their entire production systems. On the other hand, its in-house subsurface and production assurance knowledge including field-proven technology and equipment leads clients to maximize their financial return on investment. The Pore to Process approach adopted by the company accelerates recovery and productions processes of an oil and gas industry through the offerings of Generate Subsea Field Development , Evaluate Subsea Equipment Design, Optimize Life-of-Field Operability, Enhanced Field Profitability and Hydrocarbon Recovery solutions.
The dual agreements signed endow a global supply of SPS technology and subsea aftermarket services, including service personnel and rental equipment. The technology and innovation approaches of OneSubsea develops the internal productions of oil and gas industries by providing them integrated solutions, production systems, processing systems and control systems services.