Infosys Technologies will manage and operate a large portion of business systems for BP, one of the world's largest oil and gas companies, under the terms of a five-year applications outsourcing and support agreement.
Over the last 12 months, BP has undertaken a program to consolidate its information technology (IT) vendors for application development and application maintenance (ADAM). BP had a rigorous procurement selection process which assessed Infosys on capability, oil and gas sector knowledge and cost. Infosys met these criteria and has demonstrated ability to support BP's agenda of IT simplification and standardization to facilitate corporate efficiency.
Dana Deasy, BP Group CIO, said, "I'm pleased to have selected Infosys as one of our strategic ADAM vendors. In awarding Infosys ADAM work for our Integrated Supply and Trading and Exploration and Production businesses, we look to leverage its capability and knowledge of the Oil and Gas sector. This agreement will enable BP to reduce complexity, standardize work processes, and lower our overall cost base."
Kris Gopalakrishnan, CEO and Managing Director, Infosys Technologies, said, "Infosys has a long standing relationship with BP, delivering consulting and technology services. We are well positioned to use our global sourcing expertise and transformational capabilities in the oil and gas domain to deliver significant improvement in operational efficiencies to BP as a part of this new agreement."
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