Oil and gas services specialist Petrofac says award of a US$630m (£377m) contract from EnQuest to provide operations and maintenance to its North Sea assets will secure 300 offshore and onshore jobs.
The deal means the FTSE listed Petrofac will provide services to EnQuest’s Thistle, Heather and Northern Producer assets for ten years, along with providing a floating production, storage and offloading vessel called EnQuest Producer to be deployed on the Alma/Galia field. The contract supersedes a five year contract that was awarded in 2013.
EnQuest is an Aberdeen based independent oil and gas development and production company, one of a new generation that targets older and undeveloped oil field assets. Petrofac has an operational centre in Aberdeen from where the EnQuest contract work will be managed.
Neil McCulloch, President, North Sea, EnQuest said: “We are pleased to confirm that Petrofac will continue to provide support services to EnQuest for up to the next ten years. We look forward to working together to ensure we continue to deliver Safe Results, maintain top quartile delivery and achieve exceptional performance.”
Bill Dunnett, Managing Director, Petrofac Offshore Projects & Operations said: “This is testament both to the continued strength of our relationship with EnQuest and to our understanding of these assets. We have succeeded in delivering safe production, asset integrity and performance improvements for almost a decade now which has added long term value to the operation and longevity of the asset.
“We’ve done this by being responsive, flexible and relentlessly focused on safety. We’re now looking forward to continuing to work closely with EnQuest to help develop and implement long-term plans for infrastructure management, to maximise returns for the next decade and beyond.”