Last checked at 19 Jun 2015 07:00
Press Release
19 June 2015
PETROFAC SECURES US$400 MILLION OF REPEAT UKCS BUSINESS
Petrofac's Offshore Projects & Operations business unit has secured contract renewals for operations and maintenance work worth approximately US$400 million on the UK Continental Shelf (UKCS).
The largest of these awards is for the provision of operations and maintenance teams for CNR International across its North Sea assets - the three platforms in the Ninian complex; Murchison; and Tiffany - for the next five years.
Among others, in the East Irish Sea Petrofac has secured a two-year contract renewal from Eni, covering operations and maintenance services for the Douglas fixed platforms, Offshore Storage Installation and Point of Ayr terminal; and Duty Holder responsibility for the Irish Sea Pioneer operations support vessel. This builds on Petrofac's existing portfolio of service provision for Eni, including as Duty Holder of the Hewett field and assets in the Southern North Sea.
Walter Thain, Managing Director, Petrofac Offshore Projects & Operations said: "This package is great news for the business and for everyone involved.
"In the current climate, more than ever, it is vital that operators can have confidence in the supply chain to continue to generate value for them. This large-scale renewal - of contracts that we have held in some cases for more than a decade - is testament to our record of sustained operations delivery on behalf of our customers right across the UKCS."
For further information contact:
Victoria Smart
Petrofac Investor Relations
Jonathan Low
Jonathan Edwards
IR@petrofac.com +44 (0) 20 7811 4900
Tulchan Communications Group Ltd
Stephen Malthouse
Martin Robinson
petrofac@tulchangroup.com +44 (0) 20 7353 4200
Notes to Editors
Petrofac
Petrofac is a leading international service provider to the oil & gas production and processing industry, with a diverse client portfolio including many of the world's leading integrated, independent and national oil & gas companies. Petrofac is quoted on the London Stock Exchange (symbol: PFC).
Petrofac designs and builds oil & gas facilities; operates, maintains and manages facilities and trains personnel; enhances production; and, where it can leverage its service capability, develops and co-invests in upstream and infrastructure projects. Petrofac's range of services meets its clients' needs across the full life cycle of oil & gas assets.
With around 20,000 employees, Petrofac operates out of seven strategically located operational centres, in Aberdeen, Sharjah, Abu Dhabi, Woking, Chennai, Mumbai and Kuala Lumpur and has a further 24 offices worldwide.
For additional information, please refer to the Petrofac website at www.petrofac.com.