Petrofac announced it has been awarded an enhanced three-year contract extension on the Alwyn and Dunbar platforms in the Northern North Sea, the company informed.
The contract, valued at US$100 million (£68.3 million) comes with two one-year options.
“Over the last decade, we have developed a great understanding of the Alwyn and Dunbar assets and have worked with Total to deliver significant improvements to both safety and production efficiency”, Petrofac Managing Director Walter Thain said.
Petrofac Win Secures 150 North Sea Jobs
Under the agreement, Petrofac will provide an enhanced range of offshore services, strengthening its provision of reimbursable services to Total E&P UK.
The contract is expected to secure over 15 offshore jobs.
The two companies started working together in 2005, with the Alwyn and Dunbar assets.
Petrofac is a leading service provider to the oil and gas production and processing industry, offering services in the design and building of oil and gas infrastructure; operation, maintenance and management of assets and personnel training.
The company operates out of seven operational centres and 24 offices and 12 training facilities worldwide. Its projects span 29 countries, with a strong presence in the Middle East, North Africa and the UK Continental Shelf (UKCS).
Petrofac Strengthens Presence In The North Sea
Earlier this month, Petrofac announced £70 million losses on the contract to build the Laggan Tomore gas terminal in the Shetland Islands, also for Total. The loss was due to low productivity and bad weather, the company informed at the time.
Overall, the company recorded losses of around £420 million on this contract to build the Shetland terminal, which its Chief Executive Ayman Asfari attributed to the company’s lack of experience in running this specific type of projects in a completely different geography.