BP Puts Wood in Charge of Engineering Scope for Capital Projects

© kittikunfoto / Adobe Stock
© kittikunfoto / Adobe Stock

Consulting and engineering firm Wood has signed three major agreements with BP to provide engineering and project delivery services for its capital onshore and offshore projects worldwide.

The contracts cover a new master services agreement (MSA) for Engineering, Procurement and Construction management (EPCm) services as well as two extensions to existing long-term frameworks for the provision of Conceptual Engineering and Pre-FEED/FEED engineering.

The new EPCm agreement will run for an initial term of three years with the potential for extensions of an additional four years.

Meanwhile the Conceptual Engineering and Pre-FEED/FEED frameworks have been extended for an additional three years each.

The agreements cover all of BP’s business units and will see Wood providing support for offshore and onshore assets within the upstream, midstream and downstream energy markets.

The deals build on a decades-long successful partnership between the two companies and are in addition to a multi-region asset management agreement signed in September 2022.

The new frameworks will help to drive efficient and predictable delivery outcomes for BP global projects worldwide and will see Wood providing a clear focus on digitally-enabled delivery as well as asset decarbonization.

“We are delighted to enhance our partnership with bp, which continues to go from strength-to-strength. As a company we thrive in supporting our clients to deliver some of the most complex and challenging projects in the energy and materials markets and we look forward to working with bp to support the full lifecycle of capital projects worldwide,” said Ken Gilmartin, Wood’s CEO.

Current News

UK Bumps Up Offshore Wind Incentives Funding to $720M

UK Bumps Up Offshore Wind Ince

Petrobras Finds Oil in Aram Block Offshore Brazil

Petrobras Finds Oil in Aram Bl

Pemex Considers Reactivating Old Wells to Boost Oil Output

Pemex Considers Reactivating O

CIP Sells 10% Stake in Fengmiao I Offshore Wind Farm to MOL

CIP Sells 10% Stake in Fengmia

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine