Petrofac is set to build on its provision of digitally enhanced services for BP, following the award of a three-year extension to its existing maintenance contract and a new four-year metering contract.
The metering services contract includes on and offshore consulting and support services. Under the agreement, Petrofac will continue to harness digital technology to drive improvements and increase efficiencies for BP.
Under the terms of the maintenance agreement, Petrofac will continue to provide campaign inspection and maintenance services on the Operator’s North Sea assets, many of which Petrofac has supported for the last decade.
In 2019, Petrofac worked with BP to prove new execution techniques. Combining use of Digital Twin technology, Connected Worker and Petrofac’s proprietary software, BuildME™, Petrofac digitalised all forms of campaign maintenance and inspection activity - achieving significant productivity gains compared to industry standards – and continues to work with BP to extend the benefits of this approach to other applications.
Nick Shorten, Managing Director, Petrofac Engineering and Production Services, West, said: “We are proud to build on our long-standing relationship with BP, who have been an early adopter of our digital execution processes. We look forward to building on the gains made through this approach and establishing our metering services provision.”
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 BP
BP (NYSE:BP) is one of the world's largest oil and gas companies, serving millions of customers every day in more than 80 countries, and employing nearly 85,000 people. BP's business segments are oil and gas exploration & production, and refining & marketing. In alternative energies, BP has low- and no-carbon wind and biofuels businesses. Through these activities, BP provides fuel for transportation; energy for heat and light; services for motorists; and petrochemicals products for plastics, textiles and food packaging. It has strong positions in many of the world's hydrocarbons basins and strong market positions in key economies.