Petrofac, a UK-headquartered oilfield services provider, has won a contract extension in the UK sector of the North Sea, allowing it to remain on an assignment with Ithaca Energy, a North Sea oil and gas operator and producer.
The two-year, $50 million contract renewal from Ithaca Energy is Petrofac’s second one in the UK’s North Sea in a matter of days, following a similar one with Shell’s subsidiary in the same region.
John Pearson , Chief Operating Officer of Petrofac’s Asset Solutions and Energy Transition Projects businesses, commented: “The continuation of our longstanding relationship with Ithaca Energy is testament to the safe and reliable delivery of operations services by our team, who have been embedded on these assets for well over a decade.
“The North Sea is one of Asset Solutions’ core markets and this award underlines the commitment from both Petrofac and Ithaca Energy to the region. We remain focused on supporting Ithaca Energy to maximise safe, efficient and responsible production from its assets.”
Petrofac, which has supported Ithaca Energy since 2011, will now continue to provide operations, maintenance, engineering, construction, and onshore and offshore technical expertise across the oil and gas firm’s North Sea operated asset base, covering Alba , Captain , Erskine , and FPF-1 .
Recently, Ithaca Energy provided an update on the progress made in developing three oil and gas projects, including Rosebank, Cambo, and Tornado, in the West of Shetland area on the UK Continental Shelf (UKCS).