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  • Petrofac awarded follow-on well decommissioning project
    édité le 06/02/2018 - Plus de news de "Petrofac" - Voir la fiche entreprise de "Petrofac"


Petrofac awarded follow-on well decommissioning project
Petrofac has been appointed to provide outsourced Well Operator Services on the next phase of Tullow Oil’s Thames Decommissioning project, following the award of a new multi-million dollar contract.

Under the terms of the award, Petrofac will provide well engineering project management services and fully execute plug and abandonment operations on seven of Tullow Oil’s subsea wells. This will include detailed planning, direct procurement and management of all sub-contracted services, including provision of a jack-up rig. Petrofac has also been nominated as Well Operator for the project.

In 2016 the Company permanently abandoned two wells for Tullow Oil on its Horne & Wren asset, delivering cost savings of US$2.5million through its differentiated approach to decommissioning.

Alex Macdonald, Managing Director – Well Engineering, Petrofac Engineering and Production Services, said: “Having proven our integrated well engineering services capability and realised substantial cost savings for Tullow Oil, we are delighted to have an opportunity to further strengthen our relationship.

“Certainty of cost and schedule are critical success factors for this project. We have worked collaboratively with our supply chain to develop a shared approach to risk and reward, which supports delivery excellence. We very much look forward to realising this added value for Tullow Oil as the project progresses.”

Petrofac became the first outsourced Well Operator to execute fully integrated Well Operator services in 2016. The company’s Well Operator capability evolved from its outsourced Service Operator model and its extensive track record in well project management, enabling Petrofac to provide a standalone or integrated approach to the management of wells, installation and pipeline operations.

About Petrofac

Petrofac is an international service provider to the oil and gas production and processing industry, with a diverse customer portfolio including many of the world’s leading integrated, independent and national oil and gas companies.

Petrofac designs, builds, operates and maintains oil and gas facilities, delivered through a range of innovative commercial models, enabling it to respond to the distinct needs of each client and helping them to transform the value of their assets across the oil and gas life cycle.

Petrofac’s service offering is underpinned by its ability to develop resource holders’ local capability through the provision of skills training with competency development and assurance frameworks. Around 20,000 employees operate out of seven strategically located operational centres, in Sharjah, Aberdeen, Abu Dhabi, Woking, Chennai, Mumbai, and Kuala Lumpur and a further 24 offices worldwide.

Petrofac is quoted on the London Stock Exchange (symbol: PFC).

About Tullow

Tullow is a leading independent oil & gas, exploration and production group, quoted on the London, Irish and Ghanaian stock exchanges (symbol: TLW). The Group has interests in over 100 exploration and production licences across 18 countries which are managed as three Business Delivery Teams: West Africa, East Africa and New Ventures.


Origine : Communiqué Petrofac

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