UK oilfield services firm Petrofac announced Monday that it has secured contract extensions worth $400 million with two key customers on the UK Continental Shelf.
Petrofac said that it recently achieved a two-year extension with Centrica Storage Limited to its services contract on the 8A platform on the Rough field in the North Sea. This extension shall begin in January.
The firm has also seen a contract with EnQuest extended by five years. This extension will see the services of an existing facilities management agreement for the Kittiwake platform combined with a brownfield engineering modifications contract.
Walter Thain, managing director of Petrofac Offshore Projects & Operations, commented in a company statement:
"We've enjoyed productive and long-standing relationships with our customers in the UKCS and these contracts are a great demonstration of how we can continue to work in partnership to efficiently deliver in line with their individual business and operational needs and our own standards."
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