Subsea 7 to supply life-of-field services to BP in GoM

BP Exploration & Production Inc. has awarded a three-year life-of-field contract to Subsea 7 S.A. for two vessels and project management for ROV-based inspection, intervention, and light construction in the Gulf of Mexico starting in mid-2011.

Offshore staff

LUXEMBOURG– BP Exploration & Production Inc. has awarded a three-year life-of-field contract to Subsea 7 S.A. for two vessels and project management for ROV-based inspection, intervention, and light construction in the Gulf of Mexico starting in mid-2011.

Value of the frame agreement is about $125 million. It includes full-time dedication to the project of one vessel.

05/13/2011

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