Nexans secures major frame agreement with BP Exploration and Production Inc. for deep water umbilical projects in the Gulf of Mexico

Frame agreement to cover multiple umbilical projects could be worth as much as $300 million

Paris, August 25, 2009 – Nexans, the worldwide leader in the cable industry, has secured a frame agreement with BP Exploration & Production Inc. for deep water umbilical projects in the Gulf of Mexico that could be worth as much as $300 million in total. The frame agreement is initially for one year; however, BP has the right to extend the agreement for an additional four year period.

The agreement covers the design, manufacture and supply of bespoke umbilicals that will carry fluid, power, control and telecommunications services for new subsea oil and gas projects or replacements in water depths up to 1,980 metres. During the term of the agreement, Nexans could deliver more than 200 kilometres of umbilical products to BP.

Umbilical cable BP agreementThis new frame agreement follows the success of the previous umbilical frame agreement between BP Exploration & Production Inc. and Nexans for the Gulf of Mexico, which ran from 2002 to 2008. During this time, Nexans delivered several umbilical projects for BP worth a total of $130 million. A number of these projects presented significant technical challenges, such as implementation of a record breaking deep water dynamic umbilical incorporating high power cable.

This new frame agreement with BP Exploration and Production Inc. secures our position as a key strategic supplier of umbilicals for the Gulf of Mexico”, said Yvon Raak, Senior Corporate Executive Vice President. “Nexans has demonstrated its outstanding project execution capability, not only in solving technical challenges but also in ensuring on-time delivery. With this new agreement, we have also demonstrated that we can provide a cost effective solution to the Gulf of Mexico.”

The umbilicals for the Gulf of Mexico will be designed and manufactured at Nexans’ specialized facility in Halden, Norway.

相关文件

联系人

Angéline Afanoukoe 媒体关系部
电话 +33 1 78 15 04 67
Angeline.afanoukoe@nexans.com
Michel Gédéon 投资者关系部
Michel.Gedeon@nexans.com

关于耐克森

耐克森集团简介——以能源为发展核心,耐克森作为全球电缆业的领先者,提供一系列的电缆和电缆系统,并已成为基础设施,工业、建筑业及局域网(LAN)四大市场的世界性重要角色。从能源、交通运输、电信网络到造船、石油和天然气、核能、汽车、电子、航天、物料搬运到自动化市场,耐克森的电缆无处不在。耐克森在全球30多个国家设有工厂,业务遍及全球,共拥有22,000名员工,2007年销售额达74亿欧元。耐克森集团已在巴黎股票市场上市。更多信息请关注:www.nexans.com