News
December
November
- Petrofac Awarded Irish Sea Duty Holder Contract27 November 2006
- Petrofac Wins Consecutive Gas Plant Contract in Egypt27 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
March
- Petrofac Training to establish Deepwater Training function for BP USA29 March 2006
- Petrofac Training Secures Contract with ECITB24 March 2006
- Integrated Emergency Response Service Centre Goes Live16 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
Petrofac to Provide Turnkey Facilities Management for Dubai's Offshore Oil & Gas Assets
7 August, 2006
Petrofac, the international oil & gas facilities service provider, will take over responsibility for well and facilities management of Dubai’s offshore oil and gas assets on behalf of Dubai Petroleum Establishment (“DPE”) under a new contract which becomes effective today. DPE is a new entity wholly owned by the government of Dubai.
Following completion of a transition process, which will effectively commence immediately and during which Petrofac, the Government and DPE will work in close collaboration with outgoing concession-holders Dubai Petroleum Company, Petrofac will be responsible as Facilities Manager and Safety Case Holder for production and well management operations on the Dubai offshore assets. Operating in a “one team” culture alongside the development planning and reservoir management teams of DPE, Petrofac will employ the offshore staff and the onshore operations support group. Petrofac’s full responsibility for these operations will commence in early April 2007 and the contract has no time limit.
The Dubai offshore assets comprise four offshore oil fields with around 70 platforms, and around 1,100 personnel are currently involved in running the operation. These staff will be employed by Petrofac from April 2007.
The new contract becomes a key part of Petrofac’s established and expanding portfolio of managed facilities. In the UK sector of the North Sea, Petrofac manages on a turnkey basis: the Heather & Thistle platforms; the Northern Producer (Galley field); and the 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, bringing a wealth of experience to these successful operations, as well as supporting the operations of national and international oil companies in the Middle East and Africa.
Rob Pinchbeck, Chief Executive of Petrofac’s Operations Services division, noted: “This significant international award is an important demonstration of the potential to leverage Petrofac’s experience from operating across many assets in the UK sector of the North Sea. Petrofac is proud that its outstanding record as a contract service operator has been recognised by DPE and we look forward to serving this important new customer.”
Ayman Asfari, Petrofac’s Group Chief Executive, said: “This ground-breaking contract with Dubai Petroleum Establishment represents the first time a national government entity has chosen to exploit its hydrocarbon resources through direct contracting with an international service provider and we believe DPE’s choice represents the leading edge of an emerging trend.
“This contract award supports Petrofac’s aim to be the global oil & gas industry’s premier facilities and infrastructure provider.”