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Wednesday, September 23, 2020

Ithaca Energy awards “multi-million dollar” contract

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PETROFAC has announced the award of a “multi-million dollar” North Sea contract from Ithaca Energy.

The five-year Integrated Services deal will see Petrofac support jobs offshore across its UK assets, along with others onshore, providing operations, maintenance, engineering and construction services.

The contract extends the firm’s working relationship with Ithaca, as well as the services it has been providing for the Alba, Captain, Erskine and FPF-1 assets since 2011.

Ithaca will assume Safety Case responsibility for the FPF-1 asset, whilst Petrofac continues to provide all services and 96 offshore team members for the asset under the new contract.

Nick Shorten, Petrofac’s EPS business in the Western Hemisphere managing director, said: “Now more than ever, it is vital that operators can have confidence in the supply chain to generate value for them.

“We’re achieving this for our clients by combining our integrated approach with the latest digital technology to drive efficiencies and increase productivity.

“Ithaca’s decision to expand our service provision demonstrates its confidence in our ability to provide integrated support services that enhance operational effectiveness.

“We look forward to building on our long-standing working relationship by supporting our client to maximise the value of its assets.”

Bill Dunnett, Ithaca Energy chief executive, said: “The breadth of this agreement is an excellent example of the long-standing collaboration between Ithaca Energy and Petrofac, which is designed to realise economies of scale, maximising the value and potential of our assets.

“It provides the opportunity to drive further efficiencies and leverage our in-house capabilities through the transfer of the FPF-1 duty holder.

“Our continued strong partnership with Petrofac is key in delivering safe, simplified and streamlined operations.”

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