PSN Awarded Record Contract by BP
PSN has won a prestigious 5 year contract, worth in excess of £200million. Under the terms of the contract, PSN will deliver engineering and construction support services for all of BP's UK offshore assets and the onshore Dimlington plant.
Bernard Looney, Managing Director, BP North Sea, said: "I am delighted that PSN has been awarded the Offshore Engineering and Construction Contract. They have demonstrated their determination to succeed and I very much look forward to a long and productive partnership. The North Sea is a big part of BP's global business and our goal is to sustain investment over the next decade. Over the coming months, we will announce a series of contract awards. These are more than traditional contract renewals - they are designed to fundamentally transform the way we work together with our suppliers to drive improved safety and efficiency in the basin."
Bob Keiller, PSN CEO, said: "This contract award is a step change for PSN. It is the largest single contract we have ever been awarded in the UK and, as BP's single federal engineering and construction contractor for their offshore assets, it marks a high point in our long relationship with BP.
"It will not be business as usual. We are determined this contract will be an industry role model. We will challenge established practices and norms, to improve safety and efficiency. We will drive out waste in everything we do to ensure that BP's North Sea business remains economically viable for the years to come. We will optimise BP's North Sea investment by working hard to extend the life of their assets. We are delighted that our track record of consistently delivering HSE excellence and quality services has resulted in the award of this prestigious contract.
"We look forward to welcoming new talent to our network and will ensure the transition is as streamlined and transparent as possible. It is a great vote of confidence in the hard work and commitment of the PSN team that our relationship with BP, which dates back to the 1970's, has been extended to 2014 and beyond."
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