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Petrofac Doubles UK Well Portfolio with NEO Energy award

Gasoil News - Published on Fri, 07 Aug 2020

Image Source: Petrofac NEO Energy
Petrofac’s Engineering and Production Services business announced the award of a two-year contract with NEO Energy. Under the terms of the agreement, Petrofac will provide Well Management and Well Operator support for 25 production wells across the Affleck, Balloch, Dumbarton, Flyndre and Lochranza fields. The contract also positions Petrofac to support future well construction and intervention campaigns.

This builds on Petrofac’s previously awarded Integrated Services Contract for NEO Energy, through which it provides ongoing operational, maintenance, engineering and construction support in support of the Operator’s UK activities.

As Well Operator, Petrofac will be responsible for direct procurement and management of all sub-contracted services. Petrofac will also deploy its industry-leading project management software, Turus, to ensure efficient and assured project delivery.

Petrofac pioneered the outsourced Well Operator model in 2015. Under regulations set by the Offshore Safety Directive Regulator, it takes responsibility for the monitoring and management of wells on behalf of its clients. Petrofac is currently Well Operator for seven North Sea clients.

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Posted By : Yogender Pancholi on Fri, 07 Aug 2020
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