The work awarded under this federal contract is for BP's assets in the North Sea and includes Magnus, Foinaven, Schiehallion, Harding, Andrew, ETAP, Everest, Lomond, Wytch Farm, Bruce and specific semisubmersibles.
The highly focused technical and competitive tender involved a number of First Point Assessment Limited (FPAL) selected coiled tubing and pumping service companies pitching for this contract, which was up for renewal. Qserv began its relationship with BP supplying wireline and coiled tubing and pumping services two years ago and renewed its wireline contract with BP at the start of 2005.
Tommy Dreelan, managing director of Portlethen-based Qserv, said: "BP was looking for a quality well service company and we successfully met and exceeded the brief with our high standard of service, personnel, equipment and excellent HSEQ record. This is a significant contract for Qserv and is the largest single contract secured since our creation three years ago. This, among other awards from various North Sea clients, has supported our continued investment with in excess of £5 million of equipment capital expenditure already committed in manufacture and awaiting delivery for the first half of 2005."
He added: "We have an excellent onshore and offshore team and streamlined processes, along with some of the best equipment available in the industry. This has been fundamental to our success to date and through continued focus we are growing our business, whilst creating opportunities for existing and new staff to ensure we deliver excellent results for Qserv and our clients."
Dave Blackwood, director and business unit leader for developing assets at BP, said: "We are committed to maintaining the scale of our business in the North Sea and have partnered with Qserv for this well services contract. They are able to provide us with a safe, efficient and quality service with exemplary HSE performance, whilst delivering continuous improvement. We have developed a successful relationship with this local SME and I am confident that they will provide us with the high standard of well services we require for our assets in the North Sea for the next five years and beyond."
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