Petrofac to manage North Sea platforms

Petrofac Facilities Management, an oil and gas facilities service operator based in Aberdeen, Scotland, will take over management of the Thistle and Heather platforms in the UK North Sea for Lundin Britain Ltd in 2Q 2005. The contract, worth over $250 million, is for the life of field.

Petrofac Facilities Management, an oil and gas facilities service operator based in Aberdeen, Scotland, will take over management of the Thistle and Heather platforms in the UK North Sea for Lundin Britain Ltd in 2Q 2005. The contract, worth over $250 million, is for the life of field.

On completion of a transition process, Petrofac will be responsible for production and maintenance operations. Petrofac will employ the majority of the offshore staff and a significant proportion of the onshore operations support group. Additionally, Petrofac will continue to perform engineering design and construction services for these facilities under a prior arrangement with Lundin Britain.

The Thistle and Heather platforms will become another part of Petrofac's established portfolio of managed facilities in the UK North Sea. The company also manages the Northern Producer, (Galley field), Montrose, Arbroath, Kittiwake, Hewett, and Bacton terminal facilities. Petrofac also supports the operation of around 20 other fields in the North Sea for a number of clients.

"These mature North Sea fields still have a long way to go," said Jim Atack, managing director, Petrofac Facilities Management Europe. "We are only half way through the production potential of the North Sea. Tiebacks like Broom (to Heather) demonstrate the need to keep the established infrastructure running and available to the smaller third-generation fields."

01/18/05

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