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Thursday, August 13, 2020

Petrofac doubles its offshore wells portfolio after contract award

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PETROFAC has doubled the size of its offshore wells portfolio in the UK North Sea after winning a new contract with Neo Energy.

The two-year deal will see the energy services firm provide well management and operator support for 25 production wells across the Affleck, Balloch, Dumbarton, Flyndre and Lochranza fields.

The company said the work positions it to support future well construction and intervention campaigns.

Petrofac has not disclosed the contract value which covers 25 production wells.

As well operator, Petrofac will also be responsible for managing all sub-contracted services.

It brings their total portfolio to 50 in the region.

Nick Shorten, managing director for Western Hemisphere engineering and production services, said: “Through the deployment of our extensive asset and well management expertise, we will work closely with Neo Energy to assure the integrity of its wells and deliver safe and cost efficient construction in support of any future field development.

“This award builds on our existing track record for delivering Well Operator services for clients in the UKCS, bringing the size of our well portfolio in the basin to 50.”

 

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