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News >> Enterprise >>
Indian IT firms bag British Petroleum contracts
By siliconindia
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Bangalore: Infosys, Wipro and Tata Consultancy Services (TCS) have bagged $1.5-billion IT maintenance contracts from oil and gas giant British Petroleum (BP). According to the companies, BP selected them after undertaking a program to consolidate its IT vendors for application development and maintenance.
BP undertook a rigorous selection process which assessed companies on capability to deliver innovation for efficient management of applications, Oil and Gas sector knowledge and reduce cost through effective leverage of multiple levers including Global Network Delivery Model.
Infosys Technologies will manage and operate a large portion of business systems for BP under the terms of a five-year applications outsourcing and support agreement. Kris Gopalakrishnan, CEO and Managing Director, Infosys Technologies, said, "Infosys has a long standing relationship with BP, delivering consulting and technology services. We are well positioned to use our global sourcing expertise and transformational capabilities in the oil and gas domain to deliver significant improvement in operational efficiencies to BP as a part of this new agreement."
Dana Deasy, BP Group CIO said on the occasion that they were pleased in selecting Infosys as strategic ADAM vendors. "In awarding Infosys ADAM work for our Integrated Supply and Trading and Exploration and Production businesses, we look to leverage its capability and knowledge of the Oil and Gas sector. This agreement will enable BP to reduce complexity, standardize work processes, and lower our overall cost base" she said.
TCS is also selected as a strategic IT vendor by BP. TCS Energy Vertical serves international and national energy companies across the industry's value chain. It also works with oil field service operator companies on solutions that help increase the production and reliability of upstream operations. "The engagement with BP underscores our ability to help global corporations become more competitive in the current economic scenario by reducing complexity through optimization of their IT landscape and focus on delivering value through continuous innovation in services," said N Chandrasekaran, Chief Operating Officer and Executive Director, TCS. "Our selection as a strategic IT vendor for BP demonstrates our strong domain expertise and highlights the investments we have been making in the technology-led energy sector".