Petrofac Extends North Sea Contract With Apache
Press Release
20 July 2012
PETROFAC LIMITED
PETROFAC EXTENDS NORTH SEA CONTRACT WITH APACHE
Petrofac, the international oil & gas service provider, has been awarded a contract by Apache North Sea Limited (Apache) for the provision of onshore engineering and both onshore and offshore construction services. The three-year contract, which was awarded following a competitive tender process, has two optional one-year extensions and is worth approximately £100 million per annum.
Petrofac will provide onshore engineering and both onshore and offshore construction services to all of the Apache North Sea assets including the Beryl Alpha and Bravo platforms in the northern North Sea and the Scottish Area Gas Evacuation (SAGE) gas processing plant at St Fergus, Aberdeenshire. The contract represents an extension to, and continuation of, the current service contract which Petrofac holds for Apache's Forties platforms. Under the terms of the new contract Petrofac's scope will also include topside brownfield and greenfield activity in addition to interfacing with subsea contractors.
Bill Dunnett, Managing Director, Petrofac Offshore Projects & Operations, said: "We have worked closely with Apache to deliver a number of highly successful projects on the Forties field since we began work in 2009. As Petrofac develops its offshore capability we are delighted that Apache has extended our responsibilities to include engineering and construction work on the Beryl field and at the SAGE gas plant."
Jim House, Managing Director, Apache North Sea Limited, said: "Petrofac has consistently delivered against our expectations on the varied projects we have undertaken on the Forties development, including our biggest ever shutdown and turnaround project. They have also shown a relentless focus on improving safety performance and we look forward to continuing to work together to deliver our objectives across more of our North Sea assets."
Ends
For further information contact:
Tulchan Communications Group Ltd +44 (0) 20 7353 4200
Stephen Malthouse
Martin Robinson
petrofac@tulchangroup.com
Notes to Editors
Petrofac
Petrofac is a leading international service provider to the oil & gas production and processing industry, with a diverse customer portfolio including many of the world's leading integrated, independent and national oil & gas companies. Petrofac is quoted on the London Stock Exchange (symbol: PFC) and is a constituent of the FTSE 100 Index.
The group delivers services through two divisions: Engineering, Construction, Operations & Maintenance (ECOM - comprising Onshore Engineering & Construction, Offshore Projects & Operations and Engineering & Consulting Services) and Integrated Energy Services (IES). Through these divisions Petrofac designs and builds oil & gas facilities; operates, maintains and manages facilities and trains personnel; enhances production; and, where it can leverage its service capability, develops and co-invests in upstream and infrastructure projects. Petrofac's range of services meets its customers' needs across the full life cycle of oil & gas assets.
With more than 16,500 employees, Petrofac operates out of seven strategically located operational centres, in Aberdeen, Sharjah, Woking, Chennai, Mumbai, Abu Dhabi and Kuala Lumpur and a further 24 offices worldwide. The predominant focus of Petrofac's business is on the UK Continental Shelf (UKCS), the Middle East and Africa, the Commonwealth of Independent States (CIS) and the Asia Pacific region.
For additional information, please refer to the Petrofac website at www.petrofac.com.
This information is provided by RNS
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