August 25, 2009 / 10:56 AM / 10 years ago

Nexans wins $300 million cable contract from BP

PARIS, Aug 25 (Reuters) - France’s Nexans (NEXS.PA), the world’s biggest cable company, said it won a contract worth up to $300 million to supply deep-water cables for BP Exploration and Production Inc. (BP.L) in the Gulf of Mexico.

Nexans will design, build and supply cables to carry fluid, power, control and telecommunications services for subsea oil and gas projects in water depths of up to 1,980 metres as part of the deal, the company said in a statement on Tuesday.

The agreement is initially for one year but can be extended by four years by BP and could see Nexans deliver more than 200 kilometres of cables, Nexans said.

Nexans had already supplied cables for BP in the Gulf of Mexico between 2002 and 2008 in projects worth $130 million.

(Reporting by Dominique Vidalon; Editing by Rupert Winchester)

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