Contractors Unlimited

Cape Awarded £150 Million 5 Year North Sea Contract with BP

Cape Cape plc, the international provider of essential, non-mechanical industrial services principally to the energy and mineral resources sectors, is pleased to announce that it has been awarded a five year Federal Contract for the provision of Fabric Maintenance Support and Deck Operations at all of BP's nine UK North Sea assets, together with Onshore Maintenance at BP's Dimlington Gas Terminal, with a total estimated value over the period of £150 million.

Cape currently provides these services to BP at six of its UK North Sea assets and this contract award therefore increases the existing scope by an additional three assets (Clair, ETAP and Andrew platforms) as well as the Dimlington Gas Terminal.

Martin May, Chief Executive of Cape plc, commented:

"Cape has been providing services to BP in the North Sea continuously for the past 28 years. We are delighted to have the opportunity to further develop this important relationship between our companies by expanding our provision of safe, cost effective and innovative services, across BP's entire UK offshore operation."

Bernard Looney, Managing Director BP North Sea, said:

"Cape has demonstrated its capability to deliver the services we need safely and efficiently and we look forward to a continued productive partnership. The North Sea is an important part of BP's global business and our aim is to sustain investment here over the next decade and beyond. This award is the latest in our overall portfolio of key contracts representing £1 billion of investment by BP in our North Sea operations."

Published 21/01/2010

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