LONDON: John Wood Group has entered into three major agreements with bp to provide engineering and project delivery services for their global capital projects.
These agreements include a new master services agreement for engineering, procurement, and construction management (EPCm) services. Additionally, two existing long-term frameworks for conceptual engineering and Pre-FEED/FEED (front-end engineering and design) have been extended.
Key Details:
– EPCm Agreement: Initial term of three years, with the possibility of a four-year extension.
– Conceptual Engineering & Pre-FEED/FEED Frameworks: Each extended for three more years.
These agreements cover all of bp’s business units, including offshore and onshore assets in the upstream, midstream, and downstream energy markets. This builds on the successful partnership between Wood and bp and follows a multi-region asset management agreement signed in September 2022.
Objectives:
– Drive efficient and predictable delivery outcomes for bp’s global projects.
– Focus on digitally enabled delivery and asset decarbonization.
Ken Gilmartin, Wood’s CEO, expressed his delight in strengthening their partnership with bp, emphasizing their shared commitment to delivering complex and challenging projects in the energy and materials markets.