The deal, first reported by Accountancy Age in July, is valued at $1.1bn and runs for ten years.
Under the terms of the contract, BP Amoco will outsource its Accounting and Application Systems Shared Services Group, based in Tulsa, Oklahoma, to PricewaterhouseCoopers BPO Midwest LLC.
The group supports BP Amoco's upstream and chemical operations in the U.S. Around 1,200 employees will join PwC in these locations. Negotiations are proceeding for a similar outsourcing of BP Amoco services to PwC in Calgary, Canada.
BP was one of the first companies to outsource accounting activities through its pioneering deal with Andersen Consulting in 1991 which took over accounting and administrative services connected with the oil company's North Sea operations. Earlier this year this deal was extended following BP's merger with Amoco.
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