BP Awards £65M Service Contract For North Atlantic Project

Law360, New York (September 11, 2013, 2:35 PM EDT) -- BP PLC has awarded a £65 million ($102.8 million) contract to a subsea energy services joint venture between Schlumberger Ltd. and Cameron International Corp. for work at oil fields off the Shetland Islands, increasing its total awards to U.K. companies for the project to more than £1 billion, BP said Wednesday.

The U.K. energy giant awarded the latest contract to OneSubsea UK Ltd. to manufacture subsea trees to support BP's operations at the deepwater Schiehallion and Loyal oil fields in the north Atlantic Ocean. The trees...
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