UK: Petrofac Signs $54 million Contract with Britannia Operator Limited

Petrofac, the international oil & gas facilities service provider, has confirmed that its Offshore Engineering & Operations business has secured a new contract with Britannia Operator Limited (BOL). The deal, worth $54 million over five years with a further five year extension option, will see Petrofac continue to provide operations and maintenance support services for Britannia’s ongoing operations in the central North Sea.

Petrofac has been working with Britannia, a 50:50 Joint Venture between Chevron and ConocoPhillips, since 1998 and it was the group’s flexible approach and strong operational performance that led to the contract being secured following a competitive tender at the end of 2009.

One of the key challenges moving forward is for Petrofac to implement its newly enhanced competency management system to support the delivery of competent operations and maintenance personnel, while providing Britannia with access to its suite of cross-asset support contracts to deliver enhanced cost effective operations and maintenance support services.

Bill Dunnett, managing director, Petrofac Offshore Engineering & Operations commented: “We are delighted that Britannia has chosen to award this new contract to Petrofac, giving us the opportunity to further build upon our existing strong relationship and knowledge and experience of the asset. This contract forms a core part of Petrofac’s Offshore Engineering & Operations business and will enable us to continue to demonstrate our ability to deliver safe and efficient operations and maintenance capabilities in the UK North Sea.”

Source: Petrofac,April 26, 2010;

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