BP signs additional subsea systems contract for Greater Plutonio project off Angola

Aug. 2, 2004
BP PLC has signed additional contracts worth $80 million with FMC Kongsberg Subsea AS, a unit of Houston-based FMC Technologies Inc., for the supply of subsea systems and related services for the BP-operated Greater Plutonio project on Block 18 off Angola.

By OGJ editors

HOUSTON, Aug. 2 -- BP PLC has signed additional contracts worth $80 million with FMC Kongsberg Subsea AS, a unit of Houston-based FMC Technologies Inc., for the supply of subsea systems and related services for the BP-operated Greater Plutonio project on Block 18 off Angola.

The contracts, which cover installation services and local Angolan supply, will bring to $350 million the total current project value, FMC said. An initial, $270 million contract for this project, was inked in June (OGJ Online, June 25, 2004).

FMC's scope of supply for the entire Greater Plutonio project is expected to include 45 subsea trees and associated structures, manifolds and production-control systems, as well as connection systems for flowlines and umbilicals.

FMC Technologies also will supply technical services related to installation and start-up. Deliveries will be completed over a multiyear period and are scheduled to begin in early 2005.