BP, a global energy producer, signed a five-year framework agreement with Schneider Electric to be one of its main electrical contractors.
Under the terms of the agreement, Schneider Electric will provide full-scope design and engineering services, including optimisation, project management and integration, procurement and supply chain management, and full support from commissioning through to operations after start-up for the Electric Distribution System of BP’s Upstream major capital projects awarded to Schneider Electric.
“Our IoT-enabled EcoStruxure architecture and platform enables our customers to rethink traditional approaches when it comes to how they design, implement and operate their assets so they can reach first production sooner, safely and securely,” said Gary Freburger, president, Process Automation, Schneider Electric. “By taking an asset-centric view of the facility across its lifecycle, our customers can better leverage up-front capital investments to improve profitability and ROI when the plant begins operating.”
Schneider Electric said that through the agreement, the companies will work together to reduce project risks, lower costs and increase efficiencies, while driving value, innovation and safety in a secure manner.
“By using a common simulation platform, and connecting virtual modelling to real-time operations data, we help customers close the loop between ‘as designed’ and ‘as operating,’” Freburger said. “This approach enables them to better identify, understand and mitigate operating and business risks across the life of their assets. We look forward to collaborating with BP to optimise total lifecycle expenditures—not just CapEx or OpEx—from FEED to operations and even into end of life.”