Oilfield services provider Petrofac has signed a new master service agreement (MSA) with ICR Integrity, a Scotland-headquartered provider of specialist repair, inspection and integrity solutions, valued at over £1 million per annum.
Under the MSA, initially awarded in 2019, ICR’s partnership with Petrofac includes delivering specialist repair and inspection services for all duty-holder assets in the North and Southern North Sea, with the purpose of strategically aligning the delivered services under a single cross-asset agreement.
“Our collaboration with ICR’s specialist repair and inspection services has added significant value to our duty holder assets in recent years. The re-award of this MSA is testament to our partnership, combining our expertise and capabilities. We look forward to ICR’s continued support moving forward,” said Sandy Merson , Group Head of Operations and Maintenance at Petrofac.
With the new agreement in place, the company will continue to provide Petrofac with repair solutions including Technowrap engineered composite and clamp repairs, Quickflange weldless connection solutions, chemical injection pump skids, corrosion inspection services and drone inspection through its Sky-Futures team.
“We are delighted to announce this significant re-award with Petrofac who we have successfully supported over the last 15 years,” said Jim Beveridge , ICR’s CEO.
“The new MSA highlights our ongoing commitment to our clients and the support we provide with the inspection and integrity of their assets. We look forward to continuing our successful partnership with Petrofac as we move into 2023.”
ICR recently launched INSONO, a composite NDT inspection technology that is said to validate the condition and integrity of composite repairs, reducing carbon emissions, extending asset life and increasing confidence in the asset’s performance.
Speaking about the latest news coming from Petrofac, the oilfield services provider announced at the end of 2022 that it had selected a member of McDermott’s executive committee to replace its current group chief executive, who will step down from the role at the end of this month.
Petrofac disclosed that its chief executive Sami Iskander would leave the business in order to pursue other interests. As a result, Tareq Kawash will be appointed to the role from 1 April.