Nexans agrees BP umbilical deal
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Nexans has secured an agreement with BP Exploration & Production for deep-water umbilical projects in the Gulf of Mexico that could be worth up to $300m (£184m).
The frame agreement is initially for one year, although BP can extend the agreement for an additional four years.
The agreement covers the design, manufacture and supply of umbilicals that will carry fluid, power, control and telecommunications services for new subsea oil and gas projects or replacements in water depths up to 1,980m.
During the term of the agreement, Nexans could deliver more than 200km of umbilical products to BP.
This agreement follows a previous umbilical frame agreement between BP Exploration & Production and Nexans for the Gulf of Mexico, which ran from 2002 to 2008.
During this time, Nexans delivered several umbilical projects for BP, worth $130m (£80m).
According to Nexans, a number of these projects presented significant technical challenges, such as implementation of a record-breaking deep-water dynamic umbilical incorporating high-power cable.
The umbilicals for the Gulf of Mexico will be designed and manufactured at Nexans’ specialised facility in Halden, Norway.
