Petrofac wins North Sea extension with BP

International oil & gas service provider Petrofac has won a three-year extension to an existing North Sea maintenance services contract with British oil giant BP.

Petrofac said on Monday that the contract, worth in the region of $25 million, was awarded following a competitive tender process.

Under the agreement, Petrofac will continue to provide campaign maintenance and isolation valve sourcing scopes on BP’s North Sea assets, many of which the company has supported since 2009.

The initial five-year £100 million contract between the two companies from 2009 was the first contract in which BP separated out maintenance services.

Walter Thain, Managing Director of Petrofac Engineering and Production Services West, said: “Over the last seven years we have developed a robust knowledge of BP’s North Sea assets.

“As a result, we’ve forged a strong working relationship which is evolving in line with current industry drivers and BP’s business objectives. We are delighted BP has demonstrated continued confidence in our ability to drive value through the integration of services and our holistic asset-led approach to delivery.”

At the moment, Petrofac manages planned and routine maintenance, corrective work, including the maintenance of safety equipment, pressure safety valves, fire mains equipment as well as lighting and low voltage electrical maintenance on all BP’s offshore UK North Sea assets with a complement of 100 offshore maintenance workers.

Share this article

Follow Offshore Energy Today

Events>

<< Aug 2018 >>
MTWTFSS
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 31 1 2

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 >

ONS 2018

Offshore Northern Seas (ONS) provides a platform for the presentation of the political, economic and technological issues involving…

read more >

FPSO World Congress 2018

The Congress will continue its global focus and will feature the biggest and most important names in the FPSO industry…

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 >

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