Hydrasun, a leading specialist provider of integrated fluid transfer, power and control solutions to the global energy market, has secured contracts in Angola, the Gulf of Mexico and in Azerbaijan, with major oil and gas operator BP.
The combined value of the three contracts is anticipated to run to seven figures over the next three years.
Building on the success of its integrity management operations for BP in the North Sea, Hydrasun was awarded a three-year contract earlier this year for hose integrity management services and product supply by BP Angola on its Block 18 assets.
A new three-year master service agreement has also been awarded from BP in the Gulf of Mexico. Hydrasun has been selected as a technical partner to provide integrity management services for both flexible hose assemblies and small bore tubing on all seven BP deepwater assets in the area.
A further agreement in the Caspian Region is testament to Hydrasun’s long-standing relationship with BP Azerbaijan, having been an established service provider in the region since 2005. In conjunction with its existing in-country partners, Rapid Solutions LLC, and as part of Hydrasun’s ongoing commitment to providing local content, Hydrasun has established a new company, Hydrasun Rapid Solutions LLC.
In July this year, Hydrasun Rapid Solutions LLC was awarded the renewal of Hydrasun’s previous contract for the delivery of hose integrity management services and product supply on BP’s assets in the Azerbaijan, Georgia and Turkey region (AGT) for three years, with two one year extension options.
Through this win, Hydrasun Rapid Solutions LLC will also be providing support to the major ongoing Azerbaijan International Operating Company Chirag Oil Project, which aims to increase oil production and recovery from the Azeri-Chirag-Gunashli field through an offshore facility, which is designed to fill a critical gap in the field infrastructure between the existing Deepwater Gunashli and Chirag-1 platforms.
Bob Drummond, Chief Executive of Hydrasun, said: “These contract wins are extremely important for the further expansion of Hydrasun’s international business. We have provided integrity management services to BP in the North Sea for a number of years now and we see the contract win in the Gulf of Mexico as a major breakthrough in developing our business in the US market. Securing the contract renewal with BP Azerbaijan, as an existing customer, is also a fantastic endorsement of the quality of product and service we provide and the technical capability of the company. We are looking forward to working safely and efficiently with the operator over the next three years and hopefully beyond that.”
Hydrasun currently exports to over 50 countries and has international operational bases established in Azerbaijan, Kazakhstan, Brazil and The Netherlands as well as a further presence in West Africa, US Gulf of Mexico and the Middle East.
Hydrasun has grown to have nearly 600 employees, the majority of which are based in the UK.
Press Release, October 26, 2012