PD&MS wins modifications job on Spirit Energy’s facilities
- Business & Finance
UK engineering company PD&MS Group has been awarded a new three-year contract with options for a further three-year extension with Spirit Energy.
PD&MS said on Tuesday that the deal, worth an undisclosed multimillion-dollar sum, would see the Aberdeen-headquartered firm deliver complex modifications for Spirit Energy.
The company added that it had worked with the operator since 2018, providing decommissioning support in the Morecambe Bay area.
Building on this existing relationship, the new contract will see PD&MS carrying out campaigns both onshore and offshore in the execution of Spirit Energy’s complex modifications delivery strategy.
PD&MS vice president of operations and projects Liam O’Neil stated: “We’ve had a number of significant successes as a collective team over the last two years, and we’re looking forward to supporting Spirit Energy to achieve their overarching objectives.
“We have the business stability, skill-sets, and innovation required to deliver more complex projects such as the unique opportunities presented within this three-year campaign which includes onshore and offshore scopes“.
Donald Martin, contract owner for Spirit Energy, said: “Complex modification projects have the potential to generate significant value through maximising the life of our assets. Together with PD&MS, we are working to develop credible and predictable investment opportunities which will enhance recovery, lower operating costs, and optimise our project execution model“.
Simon Rio, PD&MS chief executive added: “PD&MS remains committed to the UKCS and despite the challenges that face our industry right now, we are confident that our highly flexible and progressive offering across the full asset lifecycle can support operators to deliver safe and cost-effective solutions over the longer term“.