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Centrica signs long-term partnership agreements for the North Sea


Published Nov 2, 2015
Centrica

Centrica has entered into long-term partnership agreements with three suppliers. The agreements are based on a strategic partner alliance (SPA) model covering all phases of project execution, with duration of up to ten years. The first call-off will be for Front End Engineering and Design (FEED) for the Butch development in the North Sea.

The SPAs have been entered into with Aibel, Subsea 7, and DNV GL. The objective is to establish a long-term relationship between Centrica and the suppliers, to create value and predictability.

'Centrica is about to embark on its first operated field development in the North Sea, the Butch field. We want to build expertise and capacity over time. This is why we are entering SPA agreements with strong suppliers, who have extensive experience with field developments on the Norwegian continental shelf,' says Vice President Projects Arne Bjørlo of Centrica.

Tags: Centrica plc




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