Petrofac secures another Thames P&A contract
Tullow Oil has appointed Petrofac as well operator for the next phase of its Thames decommissioning project in the UK southern North Sea.
The estimated contract value is $16 million.
Petrofac will be responsible for the execution of P&A operations on three subsea wells. This will include detailed planning, direct procurement and management of all sub-contracted services, including provision of a jackup rig.
The award follows the successful completion ofplug and abandonment programs in 2016 and 2018, throughout which Petrofac decommissioned seven subsea and platform wells, delivering project savings of more than $6.5 million.
Alex Macdonald, managing director – Well Engineering, Petrofac Engineering and Production Services, said: “At the end of the asset lifecycle, the focus on cost and schedule remains as important as ever. This award is testament to the approach we take to optimize operations through new decommissioning techniques and maximize collaboration across the supply chain in order to drive efficiency.”