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BP, Schneider Electric sign five-year global frame agreement

BP, an energy producer, has selected Schneider Electric, a digital transformation of energy management and automation provider, as one of its main electrical contractors (MEC) in a five-year global framework agreement

The company stated that, under the terms of the agreement, Schneider Electric will provide full-scale design and engineering services, including optimisation, project management and integration, procurement and supply chain management, and full support from commissioning to post-start operations for BP’s upstream major capital projects awarded to Schneider Electric.

Gary Freburger, president, process automation, Schneider Electric, said, “Our IoT-enabled EcoStruxure architecture and platform enables our customers to rethink traditional approaches when it comes to how they design, implement and operate their assets so they can reach first production sooner, safely and securely.”

“By taking an asset-centric view of the facility across its lifecycle, our customers can better leverage up-front capital investments to improve profitability and ROI when the plant begins operating,” he added.

“By using a common simulation platform, and connecting virtual modelling to real-time operations data, we help customers close the loop between ‘as designed’ and ‘as operating. This approach enables them to better identify, understand and mitigate operating and business risks across the life of their assets. We look forward to collaborating with BP to optimize total lifecycle expenditures—not just CapEx or OpEx—from FEED to operations and even into end of life,” he concluded.