Petrofac Takes Over Management of Venture's Kittiwake Field

Petrofac Facilities Management has officially taken over responsibility for management of Venture Production PLC's Kittiwake facility in the Central North Sea. The agreement, which came into force on November 26, 2003, follows the successful transfer of peratorship to Venture Production from the previous operator, Shell UK Exploration and Production.

Kittiwake is the first manned offshore installation in the North Sea to be divested by Shell. The deal includes the Mallard oilfield - a subsea development that is tied-back to the Kittiwake platform. Also included are the Goosander, Grouse and Gadwall oilfields that have yet to be developed. Petrofac will be responsible for managing the safe and effective operation of the Kittiwake production platform and oil loading facility that are located some 100 miles to the east of Aberdeen.

The operatorship transfer is Petrofac's fourth UKCS Facilities Management agreement. As well as managing the production facilities for the ChevronTexaco Galley field for the past five years, Petrofac completed the transition of the Paladin-owned Montrose, Arbroath and Arkwright fields and assumed responsibility for these facilities in May 2003. More recently in October 2003, Petrofac took over management of the six gas-producing installations in the Hewett Field, 25 miles east of Great Yarmouth, and the associated onshore Bacton Terminal in Norfolk.

John Methven, Operations Director, Petrofac Facilities Management Europe, said: "The agreement with Venture is significant to Petrofac as it further develops a relationship of providing production operations and maintenance expertise to Venture which commenced in 2000. Support from Petrofac in Facilities Management enables Venture to concentrate on its core business activity of developing stranded oil and gas reserves. It underpins the route for the industry to enable field life extension of mature oil and gas fields by developing surrounding accumulations deemed commercially unattractive by the major oil companies. We will be using the competence, knowledge and management systems we have developed over the past 20 years to achieve exemplary results from the asset. The relationship we have developed with Venture is indicative of the way Petrofac is aligning directly with its clients' key business drivers. It demonstrates Petrofac's full facilities management capability and maintains our position as the first choice provider of operations management, maintenance, engineering and construction services to the oil, gas and petrochemical marketplace."