BP and Schneider Electric sign five-year global framework agreement
The companies say this agreement will allow them to work together to reduce project risks, lower costs and increase efficiencies, while driving value, innovation and safety
BP, a global energy producer, has selected Schneider Electric, a leader in the digital transformation of energy management and automation, as one of its main electrical contractors (MEC) in a five-year global framework agreement.
Under the terms of the agreement, Schneider Electric will provide full-scope design and engineering services, including optimisation, project management and integration, procurement and supply chain management, and full support from commissioning through to operations after start-up for the Electric Distribution System of BP’s upstream major capital projects awarded to Schneider Electric.
“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,” said Gary Freburger, president, Process Automation, Schneider Electric. “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.”
“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,’” Freburger said. “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 optimise total lifecycle expenditures—not just CapEx or OpEx—from FEED to operations and even into end of life.”
EcoStruxure is Schneider Electric’s open, interoperable, IoT-enabled system architecture and platform. EcoStruxure delivers enhanced value around safety, reliability, efficiency, sustainability and connectivity for customers. EcoStruxure leverages advancements in IoT, mobility, sensing, cloud, analytics, and cybersecurity to deliver Innovation at Every Level. This includes Connected Products, Edge Control, Apps, Analytics, and Services. EcoStruxure has been deployed in 480,000+ sites, with the support of 20,000+ system integrators and developers, connecting over 1.6 million assets under management through 40+ digital services.