Two North Sea contract renewals for Petrofac

Petrofac’s Engineering and Production Services (EPS) business has been awarded two Operations and Maintenance (O&M) contract extensions for long-standing clients worth a combined value of approximately $32 million.

Petrofac said on Tuesday it had secured a 12-month renewal from Total E&P UK for the supply of O&M support to its Alwyn and Dunbar platforms in the Northern North Sea – a role it has held for 14 years.

The company has also been awarded a 12-month extension from a major International Oil Company (IOC), under which it will continue to provide offshore and onshore O&M support to one of its platforms in the Central North Sea.

Both contracts will be managed via Petrofac’s dedicated 24/7 Operations Hub, through which all its labor supply contracts are managed.

Nick Shorten, Managing Director for Petrofac’s Engineering and Production Services business in the Western Hemisphere, commented: “These contract renewals reflect the strength and collaborative nature of our long-standing relationships with both IOCs and are testament to the knowledge our teams have gained our clients’ assets.”

Petrofac currently supports 45 assets in the North Sea, and 80% of these contracts have been held for a decade or more.

Located 440km north east of Aberdeen, Total’s Northern North Sub hub has been a linchpin of the company’s portfolio since first oil was achieved in 1987.

Total E&P UK Limited owns 100% equity of their Northern North Sea hub centered on the Alwyn Area which consists of the Alwyn North platforms (NAA and NAB linked by a bridge), the Dunbar platform and a series of subsea fields tied back to these installations.

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