Petrofac ‘s Engineering and Production Services (EPS) division has signed a $95m agreement to provide well operator and well engineering project management services to Siccar Point Energy.
With the award of the three-year contract, the EPS business has added to its growing well engineering portfolio.
Under the terms of the contract, which includes extension options, the EPS business will provide services such as supply chain management for Siccar Point’s operating assets located west of Shetland.
Petrofac Western Hemisphere EPS managing director Nick Shorten said: “We are delighted to have secured this significant new scope with Siccar Point Energy and very much look forward to supporting them in successfully delivering their ambitious exploration, appraisal and development plans, safely and cost-efficiently over the next three years.
“This award builds on our existing track record for delivering well operator and project management services for clients across the globe, but specifically West of Shetland, where we have significant exploration, appraisal and development experience.”
The business will also be responsible for new well work and the ongoing integrity management of existing well stock.
The contract will also see the deployment of Petrofac ’s well project management software WellAtlas for assured project delivery.
The integrated software tool WellAtlas supports the entire well management and delivery agenda, thereby offering a comprehensive overview of projects.
Last October, the company’s EPS division secured an engineering services contract extension from Chevron North Sea for a one-year period.