UK-based offshore operator Petrofac has extended the scope of its contract with Repsol Sinopec Resources UK for the latter’s offshore maintenance operations across the UK North Sea.
Under the terms of the enhanced agreement, Petrofac will be responsible for providing operations and maintenance support for Repsol Sinopec’s six additional assets in the UK North Sea.
Petrofac already provides support at six of Repsol Sinopec’s UK assets under the existing contract. It also provides engineering support services for brownfield modifications and projects in the North Sea.
About 200 employees supporting the Repsol Sinopec’s Claymore, Tartan, Clyde, Montrose, Arbroath and Bleo Holm assets will be transferred to Petrofac as part of the agreement.
Petrofac engineering and production services managing director Nick Shorten said: “Since our initial appointment in 2016, our scope of support for Repsol Sinopec has grown steadily and the inclusion of this additional asset group demonstrates our client’s continued confidence in our delivery.
“We are delighted and very much look forward to continuing our support of Repsol Sinopec’s late life strategy, through safe and effective operations.”
Furthermore, the company plans to reduce its overhead and project support costs by at least $100m in the current year and by up to $200m next year.
In May 2017, Repsol Sinopec Resources UK started producing the first oil from Shaw field as part of the major redevelopment of Montrose Area in the Central North Sea.