Petrofac secures UKCS contract renewal worth US$400 million

Petrofac's Offshore Projects and Operations business unit has secured contract renewals for operations and maintenance work worth approximately US$400 million on the UK Continental Shelf (UKCS).

Three North Sea platforms

The largest of these awards is for the provision of operations and maintenance teams for CNR International across its the three platforms in the North Sea – the Ninian complex, Murchison, and Tiffany ­– for the next five years.

Amongst others, in the East Irish Sea, Petrofac has also secured a two-year contract renewal from Eni, covering operations and maintenance services for the Douglas fixed platforms, offshore storage installation and point of Ayr terminal and duty holder responsibility for the Irish Sea pioneer operations support vessel. This builds upon Petrofac's existing portfolio of service provision for Eni, including duty holder of the Hewett field and assets in the Southern North Sea. 

Walter Thain, Managing Director of Petrofac Offshore Projects and Operations said: "This package is great news for the business and for everyone involved.” He continues: "In the current climate, more than ever, it is vital that operators can have confidence in the supply chain to continue to generate value for them. This large-scale renewal – of contracts that we have held in some cases for more than a decade – is testament to our record of sustained operations delivery on behalf of our customers right across the UKCS.”

Adapted from a press release by David Bizley

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/22062015/petrofac-secures-ukcs-contract-renewal-worth-us400%20million/