Infosys bags new multi-year contract from BP

Industry experts believe it's an extension of existing contract with some new elements of engagements

Infosys, India's second largest IT services company on Thursday said that it has signed a five-year group-wide IT outsourcing services contract with BP (formerly British Petroleum).

The scope of the engagement will include application support, development as well as enhancing business applications for all of BP's key IT operations.

Although the company did not disclose the value of the contract, industry experts believe it is an extension of the existing contract Infosys signed with BP with some new elements of engagements.

In 2009, BP had awarded a five-year IT outsourcing contract worth of around $1.5 billion which was split between six vendors including TCS, Infosys, Wipro, IBM and Accenture.

Infosys said the new agreement will be effective September 1, 2014 and the geographical scope would include BP's main facilities in Houston, Texas, and in the UK, as well as support in locations as diverse as Azerbaijan, Angola, Brazil and Singapore.