DeepOcean secures subsea decommissioning contract from BP for Foinaven oil field in the UK North Sea
Type: Supply Agreement · Technology: Oil Gas · Country: United Kingdom · Announced: 2026-06-18
Offshore services provider DeepOcean was awarded a contract by BP to decommission subsea infrastructure at the Foinaven oil field, located approximately 190 km west of the Shetland Islands in the Faroe-Shetland Channel. The scope includes recovering ten flexible process risers, three dynamic subsea umbilicals, one static umbilical, and associated equipment such as buoyancy modules, riser protection systems, clamps, and other subsea components from the former Foinaven floating production, storage and offloading (FPSO) location. The project will be executed using one of DeepOcean’s subsea construction vessels, with engineering, project management, and offshore execution services managed from Aberdeen. This contract follows prior decommissioning work DeepOcean performed for BP at the Don and Miller fields under a similar commercial framework, reflecting a progressive and commercially innovative approach to subsea decommissioning. The Foinaven field, discovered in 1992 and operational since 1997, produced approximately 440 million barrels of oil—nearly double the originally anticipated volume—before the FPSO was removed in 2021.