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Petrofac & MFDevCo Join Forces To Maximise Recovery

Gasoil News - Published on Mon, 24 Jun 2019

Image Source: Offshore Technology
Petrofac has entered into a collaboration agreement with Marginal Field Development Company for the pursuit of opportunities in the recovery of stranded gas resources. Under the agreement, the companies will work together to engineer, deliver and operate gas to wire facilities for the redevelopment and recovery of marginal gas fields, supporting UK clients in their pursuit to Maximise Economic Recovery.

Petrofac, through its Engineering and Production Services business, will provide engineering support, and input to feasibility studies and opportunity screening, working with MFDevCo to secure projects that will be developed and delivered using MFDevCo’s gas-to-wire approach, which includes the use of Siemens’ technology. The approach maximises the recovery of stranded gas resources by using gas to generate electrical power on an offshore platform. Turbines installed on the platform convert the gas into electricity that can then be exported to shore in a cheaper and more efficient way than conventional methods; eliminating the expenditure, loss of value and reliance on pipeline networks.

The agreement allows for Petrofac to provide engineering and asset operations services on all gas-to-wire projects identified by MFDevCo, subject to agreeing terms on a case by case basis. It has an initial term of two years but both parties are viewing this as the basis for a long-term collaboration with benefits that will increase as working practices are cemented and efficiencies increased going forward.

Mr Nick Shorten, Managing Director for Petrofac’s Engineering and Production Services business in the Western Hemisphere, said that “At a time when industry is so firmly focused on extending the life of the UK Continental Shelf, we’re delighted to be working with MFDevCo to offer new and existing clients a solution to get more from their gas reserves. By blending our capabilities and expertise, we believe we can provide cost-effective development solutions to unlock the full potential of marginal gas fields within the basin.”

Source :

Posted By : Sanju Moirangthem on Mon, 24 Jun 2019
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