Petrofac wins $20 million worth of well engineering contracts

Triton map; Source: Tailwind

UK oilfield services provider Petrofac has won a series of well engineering contracts worth a combined value of around $20 million.

Petrofac said on Thursday that it secured an exclusive five-year well operator services contract from independent exploration and production company Tailwind Energy, following Tailwind’s recent purchase of the Triton Cluster.

Tailwind completed the acquisition of interests in the Triton Cluster in the UK North Sea from Shell and ExxonMobil earlier this month. The Triton Cluster, located in the UK Central North Sea 190km east of Aberdeen, was initially brought into production in 2000 and consists of six producing oil fields developed via common infrastructure in the UK Central North Sea.

Under the terms of this arrangement, Petrofac will act as the well operator for the Gannet E, Belinda, and Evelyn license areas in the Central North Sea.

It is worth noting that Tailwind also acquired EOG Resources’ UK business only days following the Triton buy. Tailwind will own and operate 100% of the producing Conwy oil field, a 25% non-operated interest in the Columbus gas development project and other minor asset interests in the North Sea.

Petrofac added in its Thursday announcement that it was also awarded discreet well engineering scopes by two ‘major’ international oil companies (IOCs) and three national oil companies (NOCs) for projects in Iraq, Turkey, and New Zealand.

Alex Macdonald, managing director of well engineering at Petrofac Engineering and Production Services, said: “We’re delighted to be expanding our global service delivery as we continue to support IOCs, NOCs, and new entrant operators with outsourced well engineering services.”

Share this article

Follow Offshore Energy Today

Events>

<< Sep 2018 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

4th Oil and Gas Tanzania 2018 Products & Eqpt. Exhibition in Africa

It is truly remarkable how East Africa, and specifically Tanzania has in a short period of time become the main…

read more >

SPE Asia Pacific Oil & Gas Conference and Exhibition 2018

As the energy industry adapts to a new status quo operating under sustained low oil prices, there continues to be a need for the industry…

read more >

RIO OIL & GAS 2018

The leading oil and gas event in Latin America is organized every two years by the Brazilian Petroleum, Gas and Biofuels Institute (IBP)…

read more >

FPSO World Congress 2018

This year’s FPSO World Congress will tap on this green shoots of recovery and will focus on practical strategies to address key project…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply