Ithaca Energy has signed a three-year contract with Aberdeen-based Global Engineering & Construction (Global E&C) for its UK Continental Shelf oil and gas production operations.
The contract is Global E&C’s first such with Ithaca and it will see the company modify Ithaca’s UK operated assets. The initial three-year term may be extended, Global E&C said October 26.
Global E&C added the deal will secure more than 50 onshore and offshore roles. This includes survey, fabrication, engineering, construction and commissioning expertise in-house.
Ithaca’s operated assets include a number of oil and condensate fields that are already in production in the Greater Stella Area in the Central North Sea. There is also a number of prospects in the vicinity. Ithaca has over 60 million barrels of oil equivalent of net proven and probable reserves there.
For more on Ithaca Energy’s UK business, see here.