Drilling & production

The company's indirect wholly-owned subsidiary, Anasuria Hibiscus UK Limited, has entered into a conditional sale and purchase agreement with Caldera Petroleum (UK) Limited.

The company has announced that its wholly owned subsidiary, Serica Energy (UK) Limited, and BP have received a conditional License and assurance from the U.S. Office of Foreign Assets Control relating to the UK North Sea Rhum field.

Petrofac’s Engineering & Production Services (EPS) East business has secured a four-year renewal of a contract for maintenance management services for an international oil company client in Iraq.

TLP-103C will be drilled to a total depth of 2700 m and is expected to take 64 days to complete, including testing.

The company has announced that its Middle East business unit has been awarded a subsea services contract in a G.C.C country with an initial contract value of US$17 million.

The companies have signed two agreements as part of the comprehensive partnership announced in 2017.

Sirius has sourced and signed an agreement with Shelf Drilling Limited to supply its Adriatic I jack-up rig which is scheduled to become available during November and is in close proximity to the Ororo field.

Under the proposed terms of the MOU and subject to final legal agreement, Bago will acquire the total amount of gas produced from West Rustavi, subject to a minimum of 1000 m³ of gas per day.

BHGE will acquire a five percent stake in ADNOC Drilling, valuing the business at US$11 billion, and the partnership will enable ADNOC Drilling to gain greater market access and new business opportunities

The company has announced today that one of its subsidiaries has secured a two-year contract for the Key Singapore with Eni S.p.A. for operations in the Adriatic Sea offshore Italy.

The company has confirmed that a contract has now been signed with Shell UK Limited granting three additional options on WilPhoenix.

The company has been awarded a five-year agreement to supply brownfield modifications, maintenance and operations support for BP's Greater Plutonio and PSVM fields offshore Angola.

The agreement, which has been held by Petrofac since 2014, commenced on 30 September.

The company has been informed that, following the successful Portland EWT programme, the KL4 EWT flow sequence operation has now commenced.

The hydraulic fracturing process at Preston New Road will take approximately three months to complete for both exploration wells.