The company said that the agreement recognizes that the alignment of standards, specifications and processes and the introduction of product standardization, will optimize the use of resources, shorten execution cycles, optimize life cycle cost and deliver superior long term value.
The agreement is aimed at developing a long-term, collaborative, performance-based relationship between BP and Cameron, maximizing the benefits to be gained of standardization; recognizing that this is the route to enhance quality, reliability and production availability of subsea systems.
As per this agreement, Cameron is committed to working with BP to deliver performance of subsea production systems.
Cameron is a provider of flow equipment products, systems and services to worldwide oil, gas and process industries.
