bp today announced a new contract award for the operation and maintenance of the subsea construction vessel Khankandi to support its offshore operations in the Caspian Sea, APA-Economics reports citing bp company.
The more than $300 million contract has been awarded to a consortium of Saipem Contracting Netherlands B.V. and its partners BOS Shelf LLC and BOS Shelf International FZCO.
This follows a competitive bidding process which started in 2022 and aims to deliver bp’s and its partners’ single vessel strategy designed to add to the safety and efficiency of their offshore operations in the Caspian.
The contract scope of work includes the overall operatorship and maintenance of the Khankendi vessel, subsea construction and installation activities, subsea inspection, maintenance and repair works, provision of first responder capability in the Caspian Sea across all of bp-operated assets, subsea pipelines and production system infrastructures, as well as marine bases support for the life of field services.
The contract is signed initially for three years with extension options for up to two more years.
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