Petrofac has been appointed to supply outsourced effectively operator companies on the subsequent section of Tullow Oil’s Thames Decommissioning mission, following the award of a brand new multi-million-dollar contract.
Under the phrases of the award, Petrofac will present effectively engineering mission administration companies and totally execute plug and abandonment operations on seven of Tullow Oil’s subsea wells. This will embody detailed planning, direct procurement and administration of all sub-contracted companies, together with provision of a jackup rig. Petrofac has additionally been nominated as effectively operator for the mission.
In 2016 the Company completely deserted two wells for Tullow Oil on its Horne & Wren asset, delivering value financial savings of US$2.5million by way of its differentiated strategy to decommissioning.
Petrofac turned the primary outsourced effectively operator to execute totally built-in effectively operator companies in 2016. The firm’s effectively operator functionality advanced from its outsourced service operator mannequin and its in depth observe document in effectively mission administration, enabling Petrofac to supply a standalone or built-in strategy to the administration of wells, set up and pipeline operations.
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