The latest phase of investment will focus on significantly expanding the company’s rental fleet of offshore safety equipment, which includes its fire and rescue apparatus.
Upstream and midstream activity for the company was down by 5% in 1H20, compared to a 4% increase in renewables activity during the same period.
The £62 million Energy Transition Fund will support businesses in the oil, gas and energy sectors over the next five years as they grow and diversify and will help attract private sector investment in the region.
The UK-based subsea company is set to expand into international markets following the successful delivery of a variety of projects for exploration and production operators and oil and gas service companies.
Petrofac will provide project management systems and technical support during the FEED for Acorn Carbon Capture and Storage.
OGUK's Chief Executive Deirdre Michie has urged the UK government to protect jobs and create new business opportunities in the energy regions of the UK.
Petrofac will provide well operator, well engineering and project management services to decommission four wells within the Rubie and Renee fields, 200 km north east of Aberdeen.
The deal, worth an undisclosed multimillion-pound sum, will see the Aberdeen-headquartered firm deliver complex modifications for Spirit Energy's E&P business.
The WilPhoenix semi-submersible will be used for a one well workover on the Rhum gas field in the UK North Sea.