News
December
- Press Statement28 December 2006
- Graduates Complete Training Programme19 December 2006
- Trading update18 December 2006
- Investment in UK North Sea Interest18 December 2006
- Education Project for Sudanese Community14 December 2006
- Petrofac Awarded Duty Holder Contract in the Southern North Sea14 December 2006
- UK's First Pipeline Training Facility opens in the UK1 December 2006
November
- Petrofac Awarded Irish Sea Duty Holder Contract27 November 2006
- Petrofac Wins Consecutive Gas Plant Contract in Egypt27 November 2006
- Petrofac Wins OCA Awards22 November 2006
- Hasdrubal Gas Plant Contract Award in Tunisia15 November 2006
- WaGE Meets Major Milestones14 November 2006
- Petrofac Wins Gas Plant Contract in Egypt14 November 2006
- Petrofac Awarded Strasshof Development FEED13 November 2006
- First Cargo Lifting from Cendor Field, Malaysia9 November 2006
- Investment in Tunisian Interest9 November 2006
September
August
July
June
May
April
March
- Petrofac Training to establish Deepwater Training function for BP USA29 March 2006
- Petrofac Training Secures Contract with ECITB24 March 2006
- Shell Selects RGIT Montrose to Deliver New Standard in Water Survival Training in the Gulf of Mexico6 March 2006
- Petrofac Wins Contract in Kazakhstan with Karachaganak Award1 March 2006
February
January
Investment in UK North Sea Interest
18 December, 2006
Petrofac, the international oil & gas facilities service provider, announces that its Resources division has acquired a 60% interest in part of Block 211/18a in the UK North Sea containing the Don Southwest discovery. Petrofac has been approved as the licence operator of the interest.
Petrofac has acquired the interest from BP and ConocoPhillips alongside Don Development Company Limited, a subsidiary of Valiant Petroleum, which has acquired the remaining 40% interest. Petrofac also has a 50% interest in the adjoining Block 211/18c, awarded in the 23rd Licensing Round, in which Valiant Petroleum holds the remaining 50%. The future development opportunities of these two interests will be quantified through a remapping exercise across both areas using recently reprocessed seismic data. The Don Southwest area of 211/18a contains a number of wells which have been tested and produced in the Brent Formation.
Amjad Bseisu, Chief Executive of Petrofac Resources, commented: "The Don Southwest acquisition is ideal for Petrofac from a size and location perspective and establishes the 211 area as core for Petrofac. As operator and development partner, we will look to draw on the expertise of our Engineering & Construction and Operations Services divisions with a view to developing the field. As with the West Don area, the export options which are currently under investigation include operating as a satellite tieback to the Thistle platform (where our Operations Services division provides turnkey facilities management services) or to the Murchison and Magnus production facilities."