Cape secures two year contract extension with BP worth £100M

Cape plc, has announced that a new two year contract extension has been secured with BP with an estimated value of £100 million.

The contract will secure around 500 jobs for Cape employees providing a range of core services, including access, insulation, coating, passive fire protection and platform services on six North Sea assets and the Forties Pipeline Systems.

Joe Oatley, Chief Executive, Cape plc: “We are delighted to be awarded this further contract by BP, which will allow us to continue to invest in our people through our apprentice, intern and graduate programmes. Cape has a longstanding relationship with BP and we look forward to continuing to work with this important client to deliver our critical industrial services across their assets in the North Sea”.