Oil and gas firm Ithaca Energy has awarded a five-year integrated services contract to oilfield services provider Petrofac.
Under the multi-million dollar contract, Petrofac will integrate operations, as well as provide maintenance, engineering and construction services for Ithaca’s North Sea assets.
It will also provide onshore and offshore technical support across all of the Ithaca’s North Sea operated asset base.
Petrofac Western Hemisphere EPS business managing director Nick Shorten said: “Ithaca’s decision to expand our service provision demonstrates its confidence in our ability to provide integrated support services that enhance operational effectiveness.”
According to Petrofac, the contract extends its existing working relationship with Ithaca.
It also extends the duration and breadth of services Petrofac provides for Ithaca’s Alba, Captain, Erskine and FPF-1 assets in North Sea.
Ithaca Energy CEO Bill Dunnett said: “The breadth of this agreement is an excellent example of the long-standing collaboration between Ithaca Energy and Petrofac, which is designed to realise economies of scale, maximising the value and potential of our assets.
“It provides the opportunity to drive further efficiencies and leverage our in-house capabilities through the transfer of the FPF-1 duty holder. Our continued strong partnership with Petrofac is key in delivering safe, simplified and streamlined operations.”
Ithaca Energy has working interests in 18 offshore producing fields in the UK North Sea. Seven of these are operated fields and the remaining 11 are non-operated fields.
Last year, Ithaca Energy’s net production stood at 75,000 barrels of oil equivalent per day (boepd).