BpTT,
N&M sign $m maintenance deal
By Driselle
Ramjohn
South Bureau
Trinidad Express
Port Spain
Petroleumworld.com
09 24 06
INTERNATIONAL energy giant bpTT yesterday signed
a multi-million-dollar contract with Neal and Massy
Wood Group (NMWG) for the maintenance of all its
plant and operating equipment.
Speaking
at the signing ceremony at the Hilton Trinidad yesterday,
bpTT chairman and chief executive officer Robert
Riley said, "The agreement becomes effective
immediately, although the transitioning process
is likely to be spread over a period of roughly
six months.
"Under
this new agreement, the NMWG will have responsibility
for execution of maintenance, minor modifications,
maintenance management, operations materials management,
training and development of maintenance personnel
and would manage all maintenance service contractors
currently delivering services to the company."
He
explained that these services usually cost bpTT
more than $300 million a year.
Several
of bpTT's small contractors in the maintenance service
will be replaced by this new arrangement, while
the individuals in more specialised fields will
be maintained, the chairman/CEO said.
Riley
added many of the contract workers also may remain
in the company's employ as they move across to working
with the NMWG.
Arthur
Lok Jack, chairman of Neal and Massy Holdings, speaking
at the signing, said the single source supplier
agreement is hopefully the wave of the future as
it increases efficiency.
He
also said he encouraged smaller contractors to come
together to form larger single source service companies
to capitalise on this new movement.
Trinidad
Express
Thursday,
September 21st 2006
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