Petrofac to Provide Engineering, Offshore Construction for Forties Field
Petrofac has secured a new contract by Apache North Sea Limited following a competitive tender for Onshore Engineering and Ad-Hoc Offshore Construction Services.
The new contract has a firm duration of three years with two optional one-year extensions and is worth approximately £25 million per annum. Under the project scope Petrofac will undertake development of onshore engineering and offshore construction projects to support the five fixed Forties field platforms.
Jim House, regional vice president and managing director, Apache said, "Since the acquisition of the Forties Field in 2003, Apache has invested well over US $1.2 billion to renovate a very mature and significant UKCS asset that has translated into extending the expected field life and ultimate reserve recovery. Apache continues to seek ways to improve production efficiencies and add value while continuing to operate safely. Apache completed a resource development project during 2008 that has provided the framework for a work programme for at least the next five to ten years.
"As part of this ongoing process, Apache competitively tendered its engineering and construction Services contract and after an exhaustive evaluation process, selected Petrofac as the successful contractor. Petrofac was selected on the basis of introducing innovative commercial solutions and a clearly demonstrated strategy to help Apache achieve its goals."
Bill Dunnett, managing director, Petrofac Offshore Engineering & Operations said, "We are delighted to have won this significant contract with Apache for the Forties Field. Both of us have the same approach to continuously improving safety performance and we look forward to helping Apache build on their outstanding achievements to date with Forties."
Operates 3 Offshore Rigs
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Company: Petrofac more info
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