Petrofac has been chosen by Petrogas NEO UK – a collectively owned firm created by Petrogas E&P UK, and NEO Energy, a portfolio firm of personal fairness fund HitecVision – to determine its new North Sea operation following its just lately introduced asset acquisition.
In a two-year deal valued within the area of US$50million, Petrofac will combine the companies of its Operations, Projects and Well Engineering service traces. As properly as aiding within the transition of operations on the Quad 15 & Flyndre space belongings, Petrofac will even present ongoing operational, upkeep, engineering and building help; and ship properly engineering and venture administration help companies for Petrogas NEO UK’s actions.
Commenting on the award, Nick Shorten, Managing Director for Petrofac’s Engineering and Production Services (EPS) enterprise within the Western Hemisphere, stated: “This settlement represents a major new strategic partnership for Petrofac in our core UK market. Our skill to seamlessly combine companies throughout the asset lifecycle, will guarantee Petrogas NEO UK’s necessities are effectively supported because it seeks to securely and responsibly lengthen discipline life. We very a lot look ahead to supporting our shopper’s first UK enterprise.”
(Source and picture: Petrofac)
The publish UK NORTH SEA – PETROGAS NEO UK SELECTS PETROFAC appeared first on Energy Global News.