Cape plc will supply its services to BP within the Magnus Life Extension project, MLXP in the UK North Sea.
MLXP is a project being undertaken by BP as part of its North Sea renewals programme, and will see work carried out continuously from now through to Q2 2015.
The North Sea business will then work systematically to renew and refresh the fabric of the asset on a large-scale-project basis, clearing the way to embark on new drilling and the value-adding work that will see Magnus maximise its potential.
Simon Hicks, Managing Director of Cape UK: “We are delighted to be awarded this project to support BP in its North Sea renewals programme, we look forward to working with BP to deliver this project safely and effectively”
Cape’s service offering includes access systems, insulation, specialist coatings, passive fire protection, refractory linings, environmental services, oil and gas storage tanks and heat exchanger replacement and refurbishment. Cape employs over 18,000 people working across 21 countries and in 2013 reported adjusted revenue of £697.1 million.