Petrofac has won contract extensions from its customers on the UK Continental Shelf (UKCS) totaling US$400 million.
Petrofac secured a two-year extension from Centrica Storage to its Services contract on the 8A platform in the Rough field, which will start in January 2016.
It has also secured a five-year contract extension from EnQuest, combining the services of an existing Facilities Management Agreement that will see Petrofac continue as Duty Holder of the Kittiwake platform, with a brownfield engineering modifications contract. Petrofac will apply its experience of operating the Kittiwake asset throughout the previous decade to generate further efficiencies and savings that in turn will create a self-funding profit mechanism for the business and will deliver additional value to EnQuest.
Walter Thain, Managing Director, Petrofac Offshore Projects & Operations said: "We've enjoyed productive and long-standing relationships with our customers in the UKCS and these contracts are a great demonstration of how we can continue to work in partnership to efficiently deliver in line with their individual business and operational needs and our own standards."
This is the second round of UKCS renewals announced by Petrofac, with the award earlier this year of a number of operations and maintenance contracts, worth $400 million, from customers including CNRI and Eni.