MRC Global Inc. (NYSE: MRC) announced today that its subsidiary, McJunkin Red Man Corporation, has been awarded a five year global framework agreement with BP International Ltd. to supply pipes, fittings and flanges (PFF) for BP's Global Projects Organization.
This framework agreement enables BP's global project teams (including their engineering and project management services (EPMS) and their engineering, procurement and construction (EPC) contractors) to access MRC Global's international resources to supply PFF products.
BP awarded the contract to MRC Global as a result of MRC Global's demonstration of technical and commercial capabilities that increase product quality, reliability and drive standardization within the PFF category.
"This contract is the result of a long-standing relationship between MRC Global and BP," commented MRC Global Chairman, President and CEO Andrew Lane. "In addition to our other contracts with BP, this agreement will allow us to expand the scope of PFF offerings for BP's projects in addition to our other maintenance, repair and operations (MRO) offerings for BP. We are pleased to have this opportunity to further service this important global customer."