Nexans secures leading position in subsea market with BP framework agreement
Paris La Défense, July 10, 2017 - Nexans announced today that Nexans Norway signed a five-year Global Framework Agreement with BP covering the engineering, procurement and construction of umbilical and Direct Electrical Heating (DEH) systems and ancillary equipment. The agreement also covers the provision of aftermarket services. This new agreement extends and reaffirms the long standing relationship between BP and Nexans that started in 2002.
The Agreement provides Nexans a framework for worldwide supply of Umbilical and DEH, and has been specially designed to accommodate supplier-led solutions. The products are developed, tested and manufactured at Nexans’ specialised plants in Halden and Rognan, Norway.
Winifred Patricia Johansen, Key Account Manager for BP & Business Development Manager Africa at Nexans said, “This global framework agreement with BP is the result of a long standing, mutually beneficial relationship. Under this contract, we have taken into account current and future market conditions so BP’s needs can be met responsively and competitively. Our partnership with BP reinforces our position in the market as the key strategic supplier of subsea systems.”
As a global leader in advanced cabling and connectivity solutions, Nexans brings energy to life through an extensive range of best-in-class products and innovative services. For over 120 years, innovation has been the company’s hallmark, enabling Nexans to drive a safer, smarter and more efficient future together with its customers. Today, the Nexans Group is committed to facilitating energy transition and supporting the exponential growth of data by empowering its customers in four main business areas: Building & Territories (including utilities, smart grids, emobility), High Voltage & Projects (covering offshore wind farms, submarine interconnections, land high voltage), Telecom & Data (covering data transmission, telecom networks, hyperscale data centers, LAN), and Industry & Solutions (including renewables, transportation, Oil & Gas, automation, and others). Corporate Social Responsibility is a guiding principle of Nexans’ business activities and internal practices. In 2013 Nexans became the first cable provider to create a Foundation supporting sustainable initiatives bringing access to energy to disadvantaged communities worldwide. The Group’s commitment to developing ethical, sustainable and high-quality cables drives its active involvement within several leading industry associations, including Europacable, The National Electrical Manufacturers Association (NEMA), International Cablemakers Federation (ICF) or CIGRE to mention a few. Nexans employs more than 26,000 people with industrial footprint in 34 countries and commercial activities worldwide. In 2017, the Group generated 6.4 billion euros in sales. Nexans is listed on Euronext Paris, compartment A. For more information, please consult: www.nexans.com