Petrofac celebrates £15m contracts, including Triton work

The Triton FPSO
The Triton FPSO

Petrofac has announced it has secured a series of well engineering contracts worth £15.3m, including work in the North Sea.

Energy services giant said part of the figure was made up by an exclusive five-year well operator services contract with Tailwind Energy in the central North Sea.

Tailwind completed its acquisition of stakes in the Triton cluster from Shell and ExxonMobil earlier this month, with the floating production, storage and offloading vessel (FPSO) lying 120miles east of Aberdeen.

Under the deal, Petrofac will act as well operator for the Gannet E, Belinda and Evelyn fields which are producing through the vessel.

Petrofac has also been awarded well engineering scopes with two major international oil companies and three national firms in Iraq, Turkey and New Zealand.

Alex Macdonald, managing director of well engineering, said: “We’re delighted to be expanding our global service delivery as we continue to support IOCs, NOCs and new entrant Operators with outsourced Well Engineering services.

“As evidenced by the number of awards we’ve secured so far this year, we’ve consistently proven our delivery and execution capabilities to new and existing clients.

“Going forwards, our teams will continue to focus on safe, effective deployment of our Well Engineering activities to enable our clients to unlock maximum value from their oil and gas assets.”

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