Petrofac secures contract renewals worth nearly £81 million

06/05/2020
Petrofac HQ in Aberdeen

ENERGY services firm Petrofac has secured a pair of contract renewals worth a combined £80.7 million.

Petrofac did not say who the contracts were with, but said it involved a competitive tender process with an international oil company.

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The renewals will span for three year in the UK.

It includes work as a duty holder for an offshore asset, operations and maintenance services for an oil and gas development and a gas terminal.

Nick Shorten, Petrofac’s engineering and production services business in the western hemisphere managing director, hailed the renewals.

He said: “These new contracts with a long-standing client are an excellent example of our ability to scale and integrate our service provision in line with their latest requirements.

“We very much look forward to combining our extensive operations’ experience and digital technology programme to deliver sustainably efficient support on these contracts.”

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