Petrofac News

 

Petrofac Starts Rubie and Renee P&A Work

May 27, 2020

UK oilfield services firm Petrofac has kicked off the plugging and abandonment work on the Rubie and Renee fields in the North Sea using Awilco's WilPhoenix rig.Petrofac won the Rubie and Renee P&A contract with Hess in August 2019.Over the next three months…

Petrofac Clinches More North Sea Work with BP

May 12, 2020

UK-based oilfield services company Petrofac has been awarded a three-year extension to a maintenance contract and a new four-year metering contract with the oil major BP.Petrofac said Tuesday that the metering services contract included on and offshore consulting and support services…

Petrofac Wins $100M+ in UK Contract Renewals

May 06, 2020

UK-based oilfield services company Petrofac has said that its Engineering & Production Services business (EPS) has been awarded two three-year renewals in the UK, worth a combined total of more than US$100 million. Both awards come with options to extend beyond the initial term…

Repsol Sinopec Increases Petrofac's North Sea Workload

Apr 23, 2020

The UK-based oilfield services firm Petrofac has won more work from Repsol Sinopec Resources UK for offshore maintenance operations on oil platforms in the UK North Sea.Petrofac said Thursday it was preparing to extend its provision of operations…

UAE's ADNOC Terminates $1.65B Deal with Petrofac

Apr 16, 2020

UAE's national oil company ADNOC has terminated $1.65B worth of contracts with UK oilfield services firm Petrofac.The two contracts were awarded in February, and entailed the delivery by Petrofac of offshore platforms and gas processing facilities for the Dalma Gas Development Project…

Petrofac Confirms Capex, Jobs, Salaries Cuts

Apr 06, 2020

UK oilfield services provider Petrofac has confirmed it is planning staff reductions and furloughing as part of its action to save cash in response to low oil prices and COVID-19 pandemic.Reuters last week reported that Petrofac was planning to reduce the workforce by 20%…

Petrofac Lands Huge Offshore Deal with ADNOC

Feb 18, 2020

Petrofac Emirates, a subsidiary of the UK oilfield services company Petrofac, has signed two contracts worth $1.65 billion with Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates to deliver offshore platforms and gas processing facilities…

Petrofac Helping Petrogas NEO UK Establish North Sea Ops

Jan 08, 2020

Petrogas NEO UK has hired the UK-based oilfield services provider Petrofac to establish its North Sea operation.Petrogas NEO UK is a company formed last year by the Norwegian private equity fund HitecVision and Omani oil group Petrogas.Petrofac…

Petrofac Expecting Full-year Revenue Dip

Dec 17, 2019

Oilfield services provider Petrofac Ltd guided to a more than 5% fall in full-year revenue on Tuesday, with delays in bidding processes constricting order intake in its biggest segment during the second half.Petrofac, which designs, builds and operates oil and gas facilities…

Petrofac Sells Mexico Assets to Perenco

Sep 20, 2019

Oilfield services company Petrofac Ltd said on Thursday it would sell the remaining 51% interest in its Mexican oilfields for up to $276 million to Anglo-French oil and gas company Perenco.Petrofac, which had offloaded a 49% stake in the operations to Perenco last year…

Petrofac Completes BorWin3 OWP

Aug 21, 2019

Petrofac, the provider of oilfield services to the international oil and gas industry, announced the start of power generation from a major offshore wind project (OWP) in Germany.The 900 mega-watt BorWin3 platform has started the process of…

Petrofac, SOCAR Partner in Support Contract

Aug 19, 2019

Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured an engineering and technical services contract to support Total and SOCAR’s exploration and production activities in Azerbaijan, the UK Services company announced on Monday…

Petrofac Secures Brunei Contract

Jan 11, 2019

Oilfield services provider Petrofac and its partner Serikandi Oilfield and Services Sdn Bhd, have secured a multi-annual Engineering Design Services contract to support Brunei Shell Petroleum (BSP) and Brunei LNG (BLNG) in Brunei.Petrofac and…

Petrofac Wins Ithaca Contract

Dec 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…

TAQA Extends Petrofac North Sea Contract

Dec 03, 2018

Petrofac’s Engineering and Production Services (EPS) business has secured a Condition Monitoring contract renewal from TAQA in the U.K. following competitive tender.Under the terms of the three-year agreement, Petrofac’s Condition Monitoring team will provide onshore and offshore vibration analyses…

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