News

27 May 2020

Petrofac begins North Sea well decommissioning contract on lump sum turnkey basis

Petrofac’s Engineering & Production Services business (EPS) has begun activity on its previously awarded well decommissioning contract for the Rubie and Renee fields.

Over the next three months, Petrofac will provide Well Operator, Well Engineering and Project Management services to decommission four wells within the Rubie and Renee fields, 200km north east of Aberdeen. Three of these wells will now be decommissioned on a lump sum turnkey basis, leveraging Petrofac’s proven track record of producing significant savings in previous decommissioning campaigns in the UKCS and demonstrating our ability to provide flexible commercial models to suit the operating strategies of our clients.

Petrofac is responsible for detailed planning, direct procurement and management of all sub-contracted services, including provision of a semi-submersible rig, in delivering this well decommissioning campaign.

Nick Shorten, Managing Director for Petrofac Engineering and Production Services West, said:

We are excited to kick-off this critical well decommissioning activity. The contract builds on our existing track record for delivering Well Operator and Project Management services for clients globally, but specifically in the UKCS where in recent years we have successfully delivered numerous multi-well decommissioning campaigns, permanently abandoning 25 wells since 2016.

We have delivered significant savings for our clients during these campaigns and are delighted to capitalise on our track record by decommissioning three of the four wells on a lump sum turnkey basis to align with our client’s operating strategy. We look forward to safely delivering this work over the next three months.

 

Categories: Europe

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