Global E&C pens ‘largest life of field contract award’ in UK
- Business & Finance
EPC contractor Global E&C has won a life of field contract for brownfield services with Apache’s North Sea subsidiaries.
Global E&C, part of Global Energy Group, said that the award was the largest in the company’s history. Apache’s North Sea business operates across the Beryl and Forties fields.
According to the company, the contract is also the largest life of field contract award in the history of the oil and gas sector in the UK.
Commenting on the award, Derek Mitchell, Global E&C managing director, said: “The significance of this contract award cannot be underestimated. It signals a notable shift in how Apache has chosen to engage with the supply chain versus a more traditional contracting model and is a major statement in support of OGUK’s Vision 2035.”
It is worth noting that Global E&C supports several operators in the UK and has a presence across over 20 offshore installations.
Terry Allan, Global E&C’s corporate development director, added: “Apache has been very supportive of what we have set out to achieve in our strategy of establishing Global E&C as the most efficient Brownfield focused EPC contractor in the North Sea.
“This award allows us to take a longer-term view on how we drive further efficiencies, invest in new technologies and how we develop our people to overcome the challenges we face in our industry.
“Our team are determined to deliver improved ways of working to maximize recovery from the assets in the UK, and we’re excited to demonstrate the value we can bring to our customers over the coming years.”
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