Petrofac’s Engineering and Production Services (EPS) enterprise has added to its rising properly engineering portfolio with the award of a contract from impartial exploration and manufacturing firm, Siccar Point Energy.
The three-year settlement, which incorporates choices to increase, is estimated to be value as much as $95 million over the time period.
The contract consists of provision of properly operator and properly engineering challenge administration providers together with provide chain administration, for Siccar Point’s operated property West of Shetland. Under these phrases, Petrofac might be liable for all new properly work and the continued integrity administration of present properly inventory.
Petrofac will even deploy its industry-leading properly challenge administration software program, WellAtlas to make sure environment friendly and warranted challenge supply.
Commenting on the award, Nick Shorten, Managing Director for Petrofac Engineering and Production Services within the Western Hemisphere, mentioned: “We are delighted to have secured this important new scope with Siccar Point Energy and really a lot stay up for supporting them in efficiently delivering their formidable exploration, appraisal and improvement plans, safely and value effectively over the subsequent three years.
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“This award builds on our present observe file for delivering properly operator and challenge administration providers for shoppers throughout the globe, however particularly West of Shetland, the place now we have important exploration, appraisal and improvement expertise.”
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