Petrofac’s Engineering and Production Services (EPS) business today announces the award of a two-year contract with NEO Energy.

Under the terms of the agreement, Petrofac will provide Well Management and Well Operator support for 25 production wells across the Affleck, Balloch, Dumbarton, Flyndre and Lochranza fields. The contract also positions Petrofac to support future well construction and intervention campaigns.

Today’s announcement builds on Petrofac’s previously awarded Integrated Services Contract for NEO Energy, through which it provides ongoing operational, maintenance, engineering and construction support in support of the Operator’s UK activities.

As Well Operator, Petrofac will be responsible for direct procurement and management of all sub-contracted services. Petrofac will also deploy its industry-leading project management software, Turus, to ensure efficient and assured project delivery.

Commenting, Nick Shorten, Managing Director for Petrofac Engineering and Production Services in the Western Hemisphere, 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.”

Petrofac pioneered the outsourced Well Operator model in 2015. Under regulations set by the Offshore Safety Directive Regulator, it takes responsibility for the monitoring and management of wells on behalf of its clients. Petrofac is currently Well Operator for seven North Sea clients.

About Petrofac

Petrofac is a leading international service provider to the oil and gas production and processing industry, with a diverse client portfolio including many of the world’s leading integrated, independent and national oil and gas companies. Petrofac is quoted on the London Stock Exchange (symbol: PFC).

Petrofac designs and builds oil and 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 clients’ needs across the full life cycle of oil and gas assets.

With around 11,500 employees, Petrofac operates out of seven strategically located operational centres, in Aberdeen, Sharjah, Abu Dhabi, Woking, Chennai, Mumbai and Kuala Lumpur and has a further 24 offices worldwide.