Petrofac wins contract renewal for UK energy services

Operations in the Cygnus oil field. Photo courtesy of Petrofac
Operations in the Cygnus oil field. Photo courtesy of Petrofac

Oil and gas specialist Petrofac will continue to provide operations, maintenance and engineering services for energy company GDF Suez E&P UK in the UK Central Shelf region (UKCS) after a multi million pound contract renewal was awarded yesterday.

 

This integrated services contract (ISC) will see Petrofac support GDF Suez across its UK operations, including Cygnus, the largest gas field discovery in the Southern North Sea for 25 years.

 

The new contract is for three years and combines the services available in two existing contracts – ISC and Engineering Services Contract – both originally awarded in 2011. It will initially continue to support Cygnus Operations Readiness, followed by the provision of operations and maintenance services for the Cygnus asset offshore.

 

Petrofac Offshore Projects & Operations senior vice president Europe Walter Thain said: “We’ve worked very effectively with GDF Suez E&P UK to help bring Cygnus Operations to this point and we’re delighted to be extending the length of our relationship at what is a very exciting time for everyone involved.”

 

“Our immediate shared focus continues to be on Operations Readiness support ahead of Cygnus which is targeted for first gas next year. GDF Suez E&P UK also has ambitious longer-term plans and we look forward to supporting them with our integrated service offering across all their activities in the UKCS.”

 

GDF Suez currently holds interests in around 50 licences in the North Sea, mostly West of Shetland and in the Southern and Central North Sea, supporting its strategy to develop the Cygnus field as a hub for the wider area.   

 

The Cygnus field, operated by GDF Suez (38.75%) with partners Centrica (48.75%) and Bayerngas (12.5%) has gross oil reserves of approximately 18 billion cubic metres. By 2016, it will be the second largest individual gas producer in the UK.

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