Two Operations and Maintenance (O&M) contract extensions worth a combined value of approximately $32 million were awarded to Petrofac's Engineering and Production Services business, the British oilfield services provider announced Tuesday.
The first contract is a 12-month renewal from Total E&P U.K. for the supply of O&M support to its Alwyn and Dunbar platforms in the Northern North Sea.
The company was also awarded a 12-month extension by an unnamed international oil company, under which it will continue to provide offshore and onshore O&M support to one of its platforms in the Central North Sea.
According to Petrofac's statement, the company currently supports 45 assets in the North Sea, 80% of which have been held for over a decade.
By Hale Turkes