Subsea 7 has been awarded a contract by BP Exploration for the provision of subsea inspection, repair and maintenance (IRM) services on both the Azeri-Chirag-Gunashli and Shah Deniz fields offshore Azerbaijan.
The scope of work comprises the provision of a life of field support vessel complete with work class and observation class ROVs, capable of performing inspection, survey, intervention, light subsea construction, surface diving and emergency response services.
The contract will commence in March for a duration of five years. Total value of the contract is between $150m-300m.
“The award of this long term IRM contract by BP acknowledges the capability, capacity and diversity of our offering in the Life of Field market. This contract represents a significant milestone for i-Tech Services, with our entry into Azerbaijan. It provides us with an opportunity to develop our in-country and regional presence and tailor our service offerings to support BP’s ongoing IRM activities and future offshore developments. We look forward to growing our valued relationship with BP and extending our track record for successfully delivering safe, reliable and efficient Life of Field services,” said Steve Wisely, Subsea 7’s senior vice president of i-Tech Services.