Petrofac is set to build on its provision of maintenance services for BP, following the award of a three-year extension to its existing contract in the North Sea.

The contract, worth in the region of US$25million, was awarded following a competitive tender process. Under the agreement, Petrofac will continue to provide campaign maintenance and isolation valve sourcing scopes on BP’s North Sea assets, many of which the company has supported since 2009.

Walter Thain, Managing Director, Petrofac Engineering and Production Services, West, said: “Over the last seven years we have developed a robust knowledge of BP’s North Sea assets. As a result, we’ve forged a strong working relationship which is evolving in line with current industry drivers and BP’s business objectives. We are delighted BP has demonstrated continued confidence in our ability to drive value through the integration of services and our holistic asset-led approach to delivery.”

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 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.