Petrofac is set to build on its provision of Operations & Maintenance Support Services for INEOS FPS following the award of an enhanced five-year contract.

Under the terms of the agreement, Petrofac will continue to supply personnel to the Unity Platform in the Central North Sea, the onshore Cruden Bay Terminal and other landline sites. The contract has also been reconfigured to include engineering and construction support.

This award strengthens Petrofac’s existing relationship with INEOS FPS in the UKCS, where it already provides a Maintenance Consultancy service.

Offshore personnel will continue to be deployed via Petrofac’s dedicated 24/7 Delivery Hub, through which all of its Operations and Maintenance contracts are managed. The Hub offers flexibility of shared resources across contracts, enabling fluctuating client requirements to be managed in a flexible, cost-effective way.

Nick Shorten, Managing Director for Petrofac Engineering and Production Services, West, said: “Over the past year we have been supporting INEOS FPS as they work to transform the Forties Pipeline System, and during this time our teams have developed a great understanding of both our client’s onshore and offshore sites.

“The enhancement of this contract demonstrates our client’s continued confidence in our ability to maintain safe operations while delivering improvements to production efficiency. We very much look forward to continue working with INEOS to unlock further value.”

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 INEOS

INEOS is a leading manufacturer of petrochemicals, specialty chemicals and oil products. It has 34 businesses, with a production network spanning 171 manufacturing facilities in 24 countries. From paints to plastics, textiles to technology, medicines to mobile phones - chemicals manufactured by INEOS enhance almost every aspect of modern life. INEOS had sales in 2018 of around $60bn and EBITDA close to €6bn. Its products make a significant contribution to saving life, improving health and enhancing standards of living for people around the world.