Bilfinger Industrier Norge has extended an agreement with BP for the maintenance of oil and gas production facilities in the North Sea.
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The renewed agreement is valued at €50m and will run from 1 May 2014 to 30 April 2016.
Under the terms of the agreement, Bilfinger’s scope of work will cover painting, scaffolding, insulation and access technology services at BP’s Valhall, Ula and Skarv fields.
The agreement follows on from two recent contract renewals, which Bilfinger was awarded by Statoil.
Recently Bilfinger won a new €40m contract with Statoil to provide services at the company’s offshore platforms in the Sleipner gas field.
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Bilfinger aims to strengthen its position in the North Sea oil and gas business.
Bilfinger executive board member Pieter Koolen said: "In order to move development in the oil and gas business forward, our activities in this sector have been combined in a single oil and gas division since January.
"In industrial services, we want to continuously expand our position in attractive markets."
The services are primarily performed by companies in Norway and the UK, led by Bilfinger Industrier Norge and Bilfinger Salamis UK.
Bilfinger oil and gas division executive president Steve Waugh said: "We address the main requirements in onshore and offshore repair and maintenance to extend asset life and improve reliability performance."
According to the company, the latest contract follows on from contracts awarded at the end of 2013 and the beginning of 2014.
Image: Bilfinger’s scope of work will cover painting, scaffolding, insulation and access technology services at Valhall, Ula and Skarv fields. Photo: courtesy of BP Norge.
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