Petrofac secures $20 million well engineering contracts

-Company awarded series of contracts around the world

British oilfield services provider Petrofac strengthened its global well engineering contracts portfolio following a series of award wins worth a combined value of around $20 million, the company announced Thursday.

'Petrofac secured an exclusive five-year well operator services contract from [London-based] independent exploration and production company Tailwind Energy Ltd. following Tailwind's recent purchase of the Triton Cluster [located in the U.K. Central North Sea, 190 km east of Aberdeen],' a press release read. 

Under the terms of this arrangement, Petrofac will act as well operator for the Gannet E, Belinda and Evelyn license areas in the Central North Sea. 

The company has also been awarded discreet well engineering scopes by two major international oil companies (IOCs) and three national oil companies (NOCs) for projects in Iraq, Turkey and New Zealand, according to the statement. No details were provided regarding the projects.

Alex Macdonald, managing director of well engineering at Petrofac Engineering and Production Services, said they are delighted to be expanding their global service delivery as they continue to support IOCs, NOCs and new entrant operators with outsourced well engineering services.

'Going forwards, our teams will continue to focus on safe, effective deployment of our well engineering activities to enable our clients to unlock maximum value from their oil and gas assets,' he added.

Petrofac is a leading service provider to the oil and gas production and processing industry, designing, building, operating and maintaining oil and gas facilities around the world.

By Hale Turkes

Anadolu Agency

energy@aa.com.tr