Petrofac nets new 5-year deal with Ithaca Energy
Oil and gas company Ithaca Energy has signed a five-year integrated services contract with oilfield services provider Petrofac.

In the new five-year deal, Petrofac will integrate operations, maintenance, engineering, construction, and onshore and offshore technical support across Ithaca’s North Sea operated asset base.
Petrofac said on Tuesday that the contract extends its existing working relationship with Ithaca, as well as the duration and breadth of services it provides for the Alba, Captain, Erskine and FPF-1 assets, building on the operations, engineering and support services it has been providing since 2011.
Having expanded its in-house capabilities, Ithaca will assume Safety Case responsibility for the FPF1 asset, whilst Petrofac continues to provide all services and 96 offshore team members for the asset under the new contract.
In a separate statement on Tuesday, Ithaca said that, in conjunction with the implementation of the new services contract, it has made the strategic decision to become “duty holder” for the FPF-1 floating production facility.
The FPF-1 is located in Block 30/6a and serves the Ithaca-operated Greater Stella Area production hub.
Bill Dunnett, Chief Executive Officer, Ithaca Energy, said: “The breadth of this agreement is an excellent example of the long-standing collaboration between Ithaca Energy and Petrofac, which is designed to realise economies of scale, maximising the value and potential of our assets.
“It provides the opportunity to drive further efficiencies and leverage our in-house capabilities through the transfer of the FPF-1 duty holder. Our continued strong partnership with Petrofac is key in delivering safe, simplified and streamlined operations”.
In the UK North Sea, Ithaca Energy has working interests in 18 offshore producing fields, including seven operated fields and eleven non-operated fields. Ithaca Energy’s net daily production in 2019 averaged 75,000 barrels of oil equivalent.
List of related news articles
-
Posted: about 1 month ago
BP and Ithaca produce first oil from North Sea project
BP and Ithaca Energy have started production from the Vorlich development, in the UK North Sea, whic...
Posted: about 1 month ago -
Posted: about 1 month ago
Ithaca moves forward with plans to develop UK field
Ithaca Energy is moving forward with its plans to develop the Abigail field, located in the UK North...
Posted: about 1 month ago -
Posted: 9 days ago
Ithaca adds another Repsol Sinopec man to executive team
Oil and gas company Ithaca Energy, a subsidiary of Israel’s Delek Group, has appointed David Crawfor...
Posted: 9 days ago -
Posted: 4 months ago
Ex-Repsol Sinopec boss to take the helm at Ithaca Energy
Ithaca Energy, a North Sea focused oil and gas operator, has appointed a new chief executive officer...
Posted: 4 months ago