As part of the collaboration, Infosys will be BP’s primary partner for end-to-end application services, including management, development, modernization, and maintenance
Infosys has signed a memorandum of understanding (MoU) with energy company BP to transform the latter’s digital application landscape.
According to various media reports, the contract bagged by the Indian digital services and consulting company is worth nearly $1.5bn.
As part of the collaboration, Infosys will be BP’s primary partner for end-to-end application services. This includes management, development, modernisation, and maintenance.
The new engagement is built on the companies’ long-standing relationship, which spans more than two decades.
Infosys CEO and managing director Salil Parekh said: “This is a strategic milestone in our long-standing relationship with BP. As we see global momentum in energy transition, building a strong digital core and scaling it to maximize operational efficiency is a key business imperative.
“We are now jointly working towards enhancing digital maturity, productivity, and driving innovation for BP.
“Together, we will leverage the power of digital technologies and advancements in AI to deliver solutions that will help to transform BP’s operational landscape and drive business growth.”
BP and Infosys are expected to focus on transforming the former’s application landscape to improve business resilience and harness value from operational efficiencies.
The companies also expect to build more adaptive and agile processes to expedite innovation as a part of BP’s goal to become an integrated energy company with net zero emissions by 2050 or sooner.
BP innovation and engineering executive vice president Leigh-Ann Russell said: “We are delighted to further develop our relationship with Infosys to help accelerate our digital transformation and scale growth through tech-enabled operations.
“Together, we look forward to delivering innovative solutions that meet the evolving needs of our customers and drive growth for the future.”
The firms also aim to explore more opportunities for the energy company to advance sustainability, diversity, equity, and inclusion (DE&I) and other social impact initiatives.
Last month, Infosys signed an MoU with Saudi Arabian energy company Aramco to collaborate on expediting the latter’s human resource (HR) technology.