Petrofac, a leading provider of services to the global energy industry, has secured a three-year contract extension for maintenance services from Serica EnergySerica Energy.
Under the terms of the agreement, Petrofac will continue with the provision of maintenance execution, maintenance consultancy and metering services to Serica Energy’s Northern North Sea asset, the Bruce platform complex which processes production from its Bruce, Keith and Rhum fields.
The contract, which builds on a relationship with Serica Energy which began in 2018, was enhanced in 2019 to include metering engineering services through the deployment of dedicated onshore and offshore personnel.
Nick Shorten COO, Asset Solutions Petrofac says:
"For more than four years, our team has been supporting Serica Energy to enhance production and extend the field life of its assets in the UKCS through safe and cost-effective maintenance services. We look forward to further strengthening our partnership with Serica Energy by building on this approach, and adding additional value through the delivery of predictable, efficient operations."
About Petrofac
Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world’s leading energy companies. Petrofac designs, builds, manages and maintains oil, gas, refining, petrochemicals and renewable energy infrastructure. Our purpose is to enable our clients to meet the world’s evolving energy needs. Petrofac’s core markets are in the Middle East and North Africa (MENA) region and the UK North Sea, where we have built a long and successful track record of safe, reliable and innovative execution, underpinned by a cost effective and local delivery model with a strong focus on in-country value. We operate in several other significant markets, including India, South East Asia and the United States. We have 8,500 employees based across 31 offices globally.
About Serica
Serica is a British independent upstream oil and gas company with operations centred on the UK North Sea with a range of exploration and production assets. At the start of 2022 Serica had approximately £218 million in cash, cash equivalents and hedging advances, no debt and limited decommissioning liabilities.
Serica operates the Bruce, Keith and Rhum fields in the UK Northern North Sea. Serica also operates the Columbus Field as well as holding an interest in the Erskine field in the Central North Sea. Net production for Serica in 2021 was around 22,200 boe/d. In 2022, Serica is drilling its 100% owned and operated North Eigg exploration prospect, an analogue and close neighbour to the Rhum field.