UK oilfield services company Petrofac has secured a contract from Tullow Oil to provide outsourced well operator services on the next phase of Thames decommissioning project.

Under the contract, Petrofac is required to provide well engineering project management services.

Additionally, the company will also fully execute plug and abandonment operations on seven of Tullow Oil’s subsea wells.

The scope work includes detailed planning, direct procurement, and management of all sub-contracted services, including the provision of a jack-up rig.

Petrofac well engineering and production services managing director Alex Macdonald said: “Having proven our integrated well engineering services capability and realised substantial cost savings for Tullow Oil, we are delighted to have an opportunity to further strengthen our relationship.

“Certainty of cost and schedule are critical success factors for this project.”

“Certainty of cost and schedule are critical success factors for this project. We have worked collaboratively with our supply chain to develop a shared approach to risk and reward, which supports delivery excellence.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Furthermore, the company will serve as well operator for the project.

In 2016, Petrofac was selected to permanently abandon two wells for Tullow Oil on its Horne & Wren asset, resulting in cost savings of $2.5m.

The company enhanced its capability as a well operator by leveraging its outsourced service operator model and its experience in well project management.

As a well operator, Petrofac can provide a standalone or integrated approach to the management of wells, installation and pipeline operations.