Petrofac Wins Ithaca Contract

Tuesday, December 18, 2018

Services provider Petrofac said its Engineering and Production Services (EPS) business has secured a construction and commissioning contract with Ithaca Energy to prepare the FPF-1 floating production facility for the BP-operated Vorlich field in the Central North Sea.

Under the terms of the reimbursable contract, Petrofac will be responsible for the topsides construction and commissioning works on the Ithaca-operated FPF-1. The deal is valued in the region of $10 million, Petrofac said.

Vorlich, a two-well development approximately 241 kilometers east of Aberdeen, will be tied back to FPF-1 at the center of Greater Stella Area production hub. The field is expected to come onstream in 2020.

As Duty Holder of the FPF-1 asset, Petrofac will fully integrate its operations and construction teams in support of the construction work scope, which is due to commence in January 2019 and complete in 2020.

BP is operator and holds 66 percent interest in Vorlich, while Ithaca holds the other 34 percent.

Categories: Contracts Engineering Construction Europe Floating Production Installation

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