Kent has secured a three-year global engineering, procurement and construction management (EPCm) framework contract with energy giant BP.

This agreement, which includes options for two additional two-year extensions, establishes Kent as a partner in providing project services across bp's worldwide asset portfolio.

The contract encompasses a comprehensive range of EPCm services, supporting bp's asset life cycle.

This includes executing small and large projects, as well as minor modifications, both offshore and onshore.

Kent's existing contracts with bp, which include concept and FEED services and a global commissioning framework, are complemented by this new framework.

Kent CEO John Gilley commented: “This award is a significant milestone that underscores our strength and global reach in project delivery and highlights the trust and valuable relationship we have built with bp.

“This framework is perfectly aligned with Kent’s strategy of fostering long-term relationships and we are excited to continue supporting bp in their energy journey by delivering high-quality, safe and sustainable solutions across their asset base.”

In October, bp reported a significant drop in net income in the third quarter of 2024 (Q3 2024).

The company's net income fell by 31.1% to $2.26bn (£1.78bn), down from $3.29bn in the same quarter of the previous year.

This decline was attributed to weaker refining margins, less effective oil trading and reduced liquid realisations, although it was partially mitigated by higher gas realisations.

Total revenues for the quarter stood at $48.33bn, marking a 10.5% decrease from $54.01bn in Q3 2023.

In November, bp, on behalf of the Tangguh production-sharing contract partners, announced a final investment decision for the $7bn Tangguh Ubadari carbon capture, utilisation and storage compression project.

The initiative aims to unlock around three trillion cubic feet of additional gas resources in Indonesia, helping to meet increasing energy demand in Asia.