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May 28, 2014

Petrofac wins $630m EnQuest contract for North Sea work

Petrofac has secured a $630m contract to provide operations and maintenance services at EnQuest's North Sea assets.

Petrofac

Petrofac has secured a $630m contract to provide operations and maintenance services at EnQuest’s North Sea assets.

Under the agreement, Petrofac will continue to provide services to EnQuest on the Thistle, Heather and Northern Producer assets.

The company will also work on the floating production, storage and offloading vessel, the EnQuest Producer, ahead of its deployment to the Alma/Galia field in the North Sea.

The ten-year contract supersedes an initial five-year deal awarded to Petrofac in 2013.

Petrofac offshore projects and operations managing director Bill Dunnett said: "We’re now looking forward to continuing to work closely with EnQuest to help develop and implement long-term plans for infrastructure management, to maximise returns for the next decade and beyond."

"The ten-year contract supersedes an initial five-year deal awarded to Petrofac in 2013."

EnQuest North Sea president Neil McCulloch said: "We look forward to working together to ensure we continue to deliver safe results, maintain top quartile delivery and achieve exceptional performance."

In March 2014, EnQuest reported that its 2013 production averaged 24,222 barrels of oil equivalent per day, up 6.2% when compared with 2012.

EnQuest increased its UK production licences to 37 by acquiring the Greater Kittiwake Area, which was completed in the first quarter of 2013, and the Don North East area licence, which was offered ‘out of round’ to the company in the first quarter of 2014.

The licences cover 47 blocks or part blocks in the UKCS and 30 of the licences are operated by EnQuest.


Image: Petrofac North Sea operations. Photo: courtesy of Petrofac Limited.

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