LONDON -- Apache North Sea has awarded Petrofac a contract for onshore engineering and ad-hoc offshore construction services.
The new contract has a firm duration of three years with two optional one-year extensions and is worth approximately £25 million ($41 million) per annum. Under the project scope Petrofac will undertake development of onshore engineering and offshore construction projects to support the five fixed Forties field platforms.
Since the acquisition of the Forties field in 2003, Apache has invested over $1.2 billion to extend its expected life and ultimate reserve recovery. The company completed a resource development project during 2008 that has provided the framework for a work programme for at least the next five to ten years.
“Petrofac was selected on the basis of introducing innovative commercial solutions and a clearly demonstrated strategy to help Apache achieve its goals,” says Jim House, regional VP and managing director, Apache.
Petrofac to provide Forties field construction services
Apache North Sea has awarded Petrofac a contract for onshore engineering and ad-hoc offshore construction services.