SPD Lands Dubai Offshore Asset Management Contract

SPD has been awarded a multi-million dollar contract by Petrofac to provide well engineering management services for Dubai's offshore oil and gas assets.

Petrofacwill take over responsibility for well and facilities management of Dubai's offshore oil and gas assets on behalf of Dubai Petroleum Establishment ('DPE') under a new contract. DPE is a new entity wholly owned by the Government of Dubai.

The Dubai offshore assets comprise four offshore oil fields with around 70 platforms, and over 600 wells. The five year contract, which commenced on October 1, 2006, is a significant award in terms of both type and scale.

A significant drilling and well intervention program is planned for the assets. A large team of well engineering staff will be employed on the project in Dubai, including a number from the current operator Dubai Petroleum Company.

Colin Finnegan, SPD Well Engineering Manager, says, "SPD is thrilled to win this contract. It again demonstrates SPD's expertise and commitment to the Middle East Region.

"SPD will bring experience from its other well operations worldwide which we expect will have an immediate benefit to the drilling operations on this major project. SPD is proud that its outstanding well engineering record has been recognized by Petrofac and we look forward to working closely with them in the future."

Alistair Davidson, SPD Drilling Manager added, "This is a unique opportunity where, for the first time in the Middle East region, an independent wells project management team will be responsible for over 600 wells, a number of drilling rigs and an exciting future drilling program. This project firmly cements SPD's position as the largest independent well engineering provider in the Middle East."

Sandy Reid, Vice President, Sales & Marketing, at Petrofac commented, "Well engineering services form a significant element of our overall facilities management scope with DPE and we are delighted to have selected SPD to project manage this work. They have shown that they have the skills and experience to integrate with our facilities management team and play their part in the Government's long term goals to maximize the value from the natural resources of Dubai."

This new contract will be a key part of SPD's established and expanding portfolio of managed well operations. SPD also manages operations in Africa, Europe, and elsewhere in the Middle East as well as supporting the operations of national and international oil companies in the Middle East, Europe and Africa.

SPD is an independent company with established offices in Dubai, UAE and Aberdeen, UK. SPD specializes in the delivery of high quality project management and engineering services to the global upstream oil and gas industry. Operating in more than 25 countries worldwide, the company's main areas of expertise are well project management, well engineering optimization, well engineering studies and consultancy services.