News
November
- Petrofac Wins Brownfield Consultancy Contract in Abu Dhabi24 November 2008
- Petrofac Training Launches Fourth Emergency Management Simulator in UK21 November 2008
- Northern Producer on Location in Don20 November 2008
- Petrofac awarded US$543 million lump-sum contract with Kuwait Oil Company13 November 2008
September
August
- Petrofac Acquires Production Technology Specialist29 August 2008
- Petrofac Commences Offshore Construction and Drilling on Don26 August 2008
- Petrofac Training to Pilot the new Minimum Safety Training Standards25 August 2008
- Petrofac Commences Production from Chergui11 August 2008
- Petrofac Upgrades Fire Training Facility5 August 2008
- Petrofac Secures Further Gas Plant Project in Egypt1 August 2008
July
June
May
April
- Petrofac Secures Further Award for Kashagan Field Development Project18 April 2008
- Petrofac Training Demonstrates Commitment to Sakhalin Island14 April 2008
- Venture Extends Contract with Petrofac7 April 2008
- Petrofac Awarded Ebla Gas Plant Project in Syria, Agrees to Acquire Equity in Production Sharing Contract4 April 2008
- Petrofac Awarded Two North Sea Projects3 April 2008
January
- SPD Lands Major Management Contract Offshore Mozambique27 January 2008
- Production Recommences on Thistle Alpha15 January 2008
- Petrofac and Dubai Petroleum to open Training Centre13 January 2008
- Petrofac secures Northern Producer and submits field development plans for Don Area Developments10 January 2008
Venture Extends Contract with Petrofac
7 April, 2008
Petrofac, the international oil & gas facilities service provider, announces that it has been awarded a two-year extension of its existing duty holder contract with Venture Production plc (‘Venture’). The extension will commence in November 2008 when the current contract is to be renewed. The value of the contract is circa £20 million per annum.
Petrofac has been duty holder on Venture’s Kittiwake platform since 2004. During this time Petrofac has worked closely with Venture on a number of key projects. These include replacement of the offloading system with a more environmentally friendly system; installation of additional subsea tie-backs to the existing equipment; and, in November 2007, Petrofac Brownfield completed significant new topside modifications on the installation.
Safety performance on the Kittiwake has continued to improve, with the platform recently achieving the milestones of two years without a lost time incident (LTI) and one year with no recordable injuries. These are remarkable achievements, considering the level of activity expended during this time.
Steve Bullock, VP operations management for Petrofac Facilities Management said: “We are delighted that the contract extension with Venture has been agreed. This announcement enhances Petrofac’s long-standing relationship with Venture and demonstrates our strong track record. We worked closely with Venture to ensure an effective transition phase of Kittiwake, and have subsequently delivered a demonstrably successful transformation of the asset. This illustrates Venture’s expertise and successful investment strategy, along with Petrofac’s strong support as duty holder, which have delivered success for Venture and its partners.”
Ends