The firms have signed a tripartite agreement to jointly work on transforming platform drilling and completions activity at the field.
The five-year risk-reward sharing agreement has an option to be extended for an additional four years.
Initially, the Clair alliance aims to boost the average annual production on the second development phase of the BP-operated Clair field by 15%.
By harnessing the skills of each of the three companies, the alliance plans to drill the best quality wells ‘safely and efficiently’.
BP North Sea senior vice-president Emeka Emembolu said: “Maximising the Clair field’s seven billion barrel potential safely and efficiently is crucial to ensuring a sustainable future for our existing and future Clair developments.
“We believe the collaborative approach of the Clair alliance, where all parties work towards and are rewarded by achieving this common goal, is fundamental to achieving this and will be crucial in our mission to become the best oil and gas business we can in the North Sea.”
Moreover, the alliance will leverage Integrated Operations Level (IO3), a technologically advanced model designed for shaping both onshore support and offshore work.
In the IO3 model, a single well services provider will use enabling technologies for moving tasks from offshore to onshore while working as part of an integrated operating team.
Baker Hughes oilfield services Europe vice-president Marianne Davenport said: “We are excited to embark on this journey with BP and Odfjell to transform the way we deliver wells.
“Using progressive remote operations models and digital solutions, this alliance is an important milestone on the shared journey towards safer, more profitable and lower carbon intensity operations.”
Located 75km west of the Shetland Islands, the Clair oilfield started production in 2005.