Corac, BP Trinidad and Tobago Sign Master Services Agreement

Corac Group plc, a group of innovative UK based engineering companies, active in energy and environmental technologies, announces that its subsidiary Corac Energy Technologies (CET) has signed a Master Services Agreement with BP Trinidad and Tobago LLC (BPTT).

This five year agreement provides pre-agreed commercial terms to facilitate BP’s procurement of development, production, testing and installation of compact gas compression systems.

The agreement builds upon successful feasibility work carried out for a system to be deployed on an offshore gas production platform operated by BPTT, the agreement for which was announced on 28 June 2012.

The compression systems will use much of CET’s core technology with the addition of some established subsystems provided by supply side partners. Using high performance permanent magnet motors with frictionless bearings, the systems will be compact, lightweight and low maintenance. This makes them very suitable for use on remote and unmanned production platforms.

Phil Cartmell, Chief Executive of Corac Group commented:

“We are delighted to conclude this significant trading agreement with BPTT, as there are many locations worldwide in which they could apply these technologies in the future.

“Within this framework, we look forward to continuing to work with the team in Trinidad and Tobago on the first system to be deployed offshore.

“This agreement is further evidence of the progress we are making with Corac’s core technology programmes.”

Press Release, July 8, 2013;

 

Share this article

Follow Offshore Energy Today

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

8th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

Gas Indonesia Summit 2019

Gas Indonesia Summit & Exhibition is returning for the fourth edition in Jakarta…

read more >

Shanghai Int Petrochemical and Offshore Oil & Gas and Chemical Industry Technology and Equipment Exhibition 2019

cippe Shanghai has attracts both…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply