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Oilfield services provider Petrofac has secured an award worth $160 million from Basra Oil Company (BOC), previously known as South Oil Company, for its Iraq Crude Oil Export Expansion Project (ICOEEP). The contract was awarded to Petrofac’s Engineering & Production Services (EPS) division, the company said on Wednesday. The new two-year extension follows Petrofac’s five-year track […]
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Petrofac’s Malaysian based engineering services business; RNZ Integrated (M) Sdn Bhd (Petrofac-RNZ) has been awarded a five-year umbrella design and engineering Services contract in Malaysia by PETRONAS Carigali Sdn Bhd (PETRONAS Carigali). Under the scope of the competitively tendered contract, Petrofac-RNZ will be providing a range of multi-discipline consultancy and design services against specific scopes […]
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Petrofac, a provider of oilfield services to the international oil and gas industry, has appointed Dave Blackburn, formerly of Hess Corporation, as Senior Vice President Engineering and Operations, based in Aberdeen. Petrofac said on Monday that Blackburn, forming part of Petrofac’s Engineering & Production Services (EPS) West leadership team, will be responsible for the business unit’s […]
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Operations & Maintenance, Project & Tenders
Petrofac has signed an agreement to sell Petrofac GSA Holdings Limited to Ithaca for a total consideration of up to USD 292 million. Petrofac GSA Holdings Limited owns Petrofac’s 20% interest in the Greater Stella Area development and its 24.8% interest in the FPF1 floating production facility. Petrofac GSA Holdings Limited also owns Petrofac’s long-term […]
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Petrofac’s Engineering and Production Services (EPS) division has been awarded a new offshore manning services contract by Chevron North Sea.
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Business & Finance, Operations & Maintenance, Project & Tenders
Petrofac announces that Petrofac Emirates, its Joint Venture with Mubadala Petroleum, has been awarded a contract by Zakum Development Company (ZADCO) for the Upper Zakum, UZ750 field development in Abu Dhabi. The contract is worth approximately US$3.7 billion and has been secured by Petrofac Emirates in consortium with Daewoo Shipbuilding & Marine Engineering Co Ltd […]
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Business & Finance, Equipment
Petrofac, the international oil & gas facilities service provider, confirms that its Training Services business has acquired the trade, assets and people of SkillsXP, from Dutch company Tritanium, for an initial cash consideration of €1 million. A further cash consideration of up to €0.5 million is payable over three years, subject to the business […]
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Petrofac, the international service provider to the oil and gas industry, confirms placement of all critical path lump-sum orders to build its new proprietary design Petrofac JSD 6000 deepwater derrick lay vessel, which will be available for construction and installation activities in early 2017. The contracts for the shipyard and electrical and control systems […]
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Petrofac has signed an agreement to sell the JSD6000 derrick lay vessel project to Shanghai Zhenhua Heavy Industries Co Ltd (ZPMC).
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Business & Finance, Business developments & projects, Operations & Maintenance, Project & Tenders
Oilfield services provider Petrofac has won a three-year extension to its existing maintenance contract with oil major BP.
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Petrofac has been awarded a contract to work with the Government of Nova Scotia to help it identify the best way forward to exploit its ultra-deepwater oil potential. Under the terms of the contract, Petrofac has been tasked with delivering a development study for a prospective oil reservoir 3,000 metres beneath the seabed which is […]
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Petrofac has extended the lease for its Jasmine Venture floating production, storage and offloading (FPSO) vessel in the Gulf of Thailand, Reuters has reported. The FPSO vessel, renamed into FPF3 back in 2011, has been moored at the Mubadala Petroleum-operated Jasmine field, offshore Thailand, since 2004. Oil is produced from a multi-platform complex to the FPSO, where the […]
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Business & Finance, Project & Tenders
Petrofac, the international oil and gas services provider, announces that Mubadala Petroleum Thailand, has taken up an option to extend its lease of Petrofac’s Jasmine Venture floating production, storage and offloading facility (FPSO) for up to four additional years. The FPSO is currently deployed on the Jasmine field in the Gulf of Thailand and Petrofac […]
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Petrofac will lead a partnership with Italian Bonatti to execute a 32-month Engineering, Procurement and Construction (EPC) contract for Sonatrach to extend the life of the Alrar gas field in south east Algeria. The contract value is more than US$650 million. The scope of work encompasses engineering, procurement, construction, and commissioning services for the development […]
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CO2DeepStore, part of the Petrofac group, has signed an agreement with Shell U.K Limited (Shell) in respect of the re-development of the Goldeneye gas field in the North Sea, as a potential CO2 storage facility. The agreement will see CO2DeepStore and Shell work together to develop the potential CO2 storage solution for the ScottishPower Carbon […]
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Business & Finance, Equipment, Operations & Maintenance, Project & Tenders, Research & Development
Petrofac has been awarded a contract to work with the Government of Nova Scotia to help it identify the best way forward to exploit its ultra-deepwater oil potential. Under the terms of the contract, Petrofac has been tasked with delivering a development study for a prospective oil reservoir 3,000 metres beneath the seabed which is […]
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London-based oilfield services provider Petrofac has terminated its contract with China’s Shanghai Zhenhua Heavy Industries Co. (ZPMC) for the construction of a deepwater multi-purpose offshore vessel. Petrofac says that the contract for the construction of Petrofac JSD 6000 was cancelled ‘‘due to issues with ZPMC’s performance.” Ayman Asfari, Petrofac’s Chief Executive, said: “It is regrettable that it has become […]
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The BorWin3 offshore wind grid connection in the German North Sea has started transmitting power. According to Petrofac, the 900MW project has begun converting three-phase electric power generated by offshore wind farms into direct current and transmitting it 160km back to shore into the German national grid. “We are delighted to have reached this key milestone with […]
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Oilfield services provider Petrofac has completed a well decommissioning contract for the oil company Tullow Oil in the Southern North Sea. Petrofac said on Monday that its differentiated approach to decommissioning, in support of Tullow Oil’s well plugging and abandonment campaign in the Southern North Sea, saved $2.5 million compared to traditional approaches. The well […]
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Petrofac’s Engineering and Production Services (EPS) division has secured a 12-month engineering services contract extension from Chevron North Sea.
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Business & Finance, Business developments & projects
Petrofac is preparing to extend its provision of operations and maintenance services to Repsol Sinopec Resources UK following an enhancement to its existing contract.
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Petrofac, the international oil and gas facilities service provider, announced that Rijnhard van Tets will step down from his role as chairman of the board after eleven years with the company. He will step down at Petrofac’s annual meeting in May and will be succeeded by current senior independent director René Médori. Mr van Tets joined the […]
