Petrofac Secures Mubadala Petroleum Services Contracts
Petrofac has extended its relationship with Mubadala Petroleum with the award of new and modified contracts relating to the FPF-003 floating production, storage and offloading vessel located in the Jasmine/Ban Yen field in the Gulf of Thailand.
The companies signed a new ‘life of field’ agreement for the provision of operations and maintenance (O&M) services, which has the potential to run until 2023. Under the contract terms Petrofac will deliver ‘an optimized scope’ designed to reduce Jasmine’s operating costs and create operational efficiencies which will “underpin the viability of the mature field development,” according to a Petrofac release.
“We are delighted to be continuing our long-held relationship with Mubadala Petroleum and to be maintaining continuity of our O&M service delivery on the FPF-003,” said Manivannan Rajapathy, managing director of Petrofac Engineering & Production Services East.
“Through our existing relationship our teams have remained focused in supporting safe and effective production and earlier this year celebrated six years without a lost time incident,” he added.
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