Energy major BP has awarded a multi-region contract to consultant and engineering firm Wood. The latter firm will provide engineering services to support safe and efficient energy generation through the enhancement, repair and modification of assets.
The new agreement builds upon similar previous regional contracts with BP to promote the safe, reliable and efficient production of energy, which is an important concern given that the world must navigate the energy transition while also ensuring energy security. The new contract is estimated to be worth $350 million and will involve the delivery of agile working practices to realise improvements in operational efficiency for BP’s offshore platforms. BP, which owns the Castrol lubricant range, has pledged to become a net-zero emissions business by 2050 but will maintain a reduced presence in the oil and gas sector in the medium term.
Wood’s Executive President of Operations, Craig Shanaghey, said that it was an exciting opportunity for his company because it enabled it:
“…to think big, knowing that with BP’s own bold ambitions, we can help meet the world’s energy needs as efficiently as possible. Being able to truly leverage the breadth of experience and capability from right across our business will allow us to provide a solution that delivers transformational results.”
He also highlighted Wood’s pre-existing relationship with BP and pointed out that the multi-region nature of the new contract would enable the company to combine its previous contracts into a single model for delivery based on simplification, innovation and execution.