UK: bp, Baker Hughes and Odfjell Drilling form alliance for

UK: bp, Baker Hughes and Odfjell Drilling form alliance for Clair field


UK: bp, Baker Hughes and Odfjell Drilling form alliance for Clair field
27 May 2021
Baker Hughes and
Odfjell Drilling have entered into a tripartite agreement to work together to transform platform drilling and completions activity at the
bp-operated
Clair field – the largest oilfield in Western Europe.
A new five-year agreement, with the option to extend for a further four years, the Clair alliance aims to improve production across Clair, initially targeting a 15% increase in average annual production on Clair Ridge, the second phase development of the field.
This will be achieved through drilling the best quality wells safely and more efficiently and harnessing the skills and expertise of each company ina single collaborative team.This agreement sees the parties embark on a new progressive commercial relationship thatwill provide for sharing risk and reward.Itis an example of best practice oil and gas supply chain principles in action.

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