Petrofac clinches three-year Forties contract with Ineos
- Business & Finance
UK’s oilfield services provider Petrofac has won a three-year contract from Ineos FPS for operations & maintenance support services.
Under the terms of the agreement, Petrofac will provide personnel to the Unity Platform in the Central North Sea, the onshore Cruden Bay Terminal and other landline sites, Petrofac said Wednesday.
The contract builds upon Petrofac’s existing relationship with Ineos FPS in the UKCS, where it currently provides a Maintenance Consultancy service, the services provider added.
Nick Shorten, Managing Director for Petrofac Engineering and Production Services in the Western Hemisphere, said: “INEOS is making significant investments into its Forties Pipeline System and we look forward to drawing on the depth of our expertise to support them.
“This award builds on our existing track record for the provision of experienced, competent and operations-ready personnel in support of both onshore and offshore activities. Our teams will focus on a safe and efficient delivery as we support INEOS FPS to increase uptime, improve asset performance and optimize operating expenditure.”
To remind, Ineos took ownership and operation of the Forties Pipeline System, the Kinneil gas processing plant and oil terminal, the Dalmeny storage and export facility, sites at Aberdeen, the Forties Unity Platform and associated infrastructure from BP in 2017.
Ineos in February this year said it would invest £500 million in the Forties Pipeline System, “prolonging the life of the North Sea’s main oil and gas artery into the 2040s.”
According to Ineos, the Forties Pipeline System delivers approximately 40% of the UK’s oil and gas.
Offshore Energy Today Staff
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