Petrofac, the leading international service provider to the energy industry, has been awarded a two-and-a-half-year brownfield project with Ithaca Energy, valued in the region of US$17million.

Selected through competitive tender to deliver stage two of Ithaca Energy’s Captain Enhanced Oil Recovery (EOR) project in the UK’s central North Sea, Petrofac will be responsible for fabricating, constructing and commissioning the topsides development, bringing to life Ithaca’s strategy to maximise economic recovery.

The award builds on Petrofac’s existing Integrated Services Contract with the Operator, and the recent successful delivery of the Vorlich and FPF1 Oil Export projects.

Securing more than 40 Petrofac roles, on and offshore, as well as specialist fabrication expertise, the contract supports job security across the UK’s supply chain.

Commenting, Petrofac Chief Operating Officer, Nick Shorten said:
"This award is an excellent example of our long-standing collaboration with Ithaca Energy. As incumbent Integrated Services Contractor, Petrofac is in a unique position to maximise productivity across both the project and ongoing operations on Captain. In mature basins, the incremental efficiencies and reduction of interfaces achieved through integrated delivery, drive huge value as our clients seek to extend field life."

Petrofac has supported Ithaca Energy’s FPF1 asset since 2011, and its Alba, Captain and Erskine assets since 2014. In 2020 it was awarded a new five-year Integrated Services Contract for operations, maintenance, engineering, construction, and onshore and offshore technical support across Ithaca’s entire North Sea operated asset base.

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.

About Ithaca Energy

Ithaca Energy is an independent oil and gas company with production, development and exploration operations focused on the UK North Sea. The Company was founded in 2004 and has grown through a combination of acquisitions and new field developments. Our strategy is focused on establishing the company as a leading North Sea operator, delivering sustainable growth in free cash flow generation, underpinned by operational excellence and financial discipline.

Ithaca Energy is a wholly owned subsidiary of the Tel Aviv stock exchange listed Delek Group Limited (TASE: DLEKG, US ADR: DGRLY), Israel’s leading integrated energy company.