Wood has been awarded a multi-region engineering services contract by BP to support efficient and safe energy production through asset repairs, modifications and enhancements.
The five-year reimbursable contract, valued at around $350m, will be delivered via agile working methods to optimise cost and delivery performance across BP’s offshore installations.
This agreement renews the consulting and engineering company’s existing contracts with the energy giant.
Craig Shanaghey, executive president of operations at Wood, said: “We have an extensive track record with BP and, for the first time, this multi-region approach allows us to combine these contracts into one single delivery model that puts exceptional execution, innovation and simplification at its heart."
President of strategy and development for operations Brian Chalmers, who is responsible for Wood’s global relationship with BP, said: “We have proven that when we work in partnership, we can deliver transformational outcomes that support BP’s ambition to drive higher efficiency and productivity across their assets.”
This contract will be led by the operations business unit, with a centralised contract management team and local delivery teams, supported by Wood’s global execution centre.
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