Petrofac, a leading provider of services to the global energy industry, has been selected by i3 Energy to provide well engineering, well operations and well operator services for its UK North Sea licence areas.

The new three-year contract follows the multi-year provision of well operator and project management services, resulting in the successful delivery of three fast tracked appraisal wells for i3 in 2019 on their Liberator and Serenity fields in the North Sea.

The first work planned under this new contract is the project to drill a fast-track appraisal well in the Serenity field later this year. Petrofac will be well operator and main contractor for the design and execution as well as for all services including Stena Don drill rig, vessels, helicopters and well services.

Nick Shorten, Chief Operating Officer for Petrofac’s Asset Solutions business said:

“I’m delighted that our world-leading wells expertise is supporting i3 Energy in the development of their existing North Sea discoveries to safely, efficiently and quickly maximise economic recovery. We are proud of our unique skillset which, having helped i3 to discover Serenity in 2019, will now be supporting its progress toward field development.”
This latest long-term UK contract builds on Petrofac’s tier one well engineering experience and follows recent major contract awards in Australia, Africa, and the Gulf of Mexico.

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 i3

i3 Energy is an oil and gas Company with a low cost, diversified, growing production base in Canada's most prolific hydrocarbon region, the Western Canadian Sedimentary Basin and appraisal assets in the North Sea with significant upside.

The Company is well positioned to deliver future growth through the optimisation of its existing 100% owned asset base and the acquisition of long life, low decline conventional production assets.