Petrofac’s Engineering and Production Services (EPS) unit has been awarded a contract from independent E&P company, Siccar Point Energy. The three-year agreement, which includes options to extend, is estimated to be worth up to US$95 million over the term.
The contract includes provision of well operator and well engineering project management services for Siccar Point’s operated assets west of Shetland. Petrofac will be responsible for all new well work and the ongoing integrity management of existing well stock. In doing so, the company will also deploy its unique well project management software – WellAtlas – to ensure efficient and assured project delivery. Read more…