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>

<< Oct 2019 >>
MTWTFSS
30 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

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

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