energyme.com :: news + energy + technology
     
  The Tuesday Letter
Subscribe
Submit Articles
Feedback
Search
Advertise
Events
Product Reviews
Monthly Edition
Energy Archive
 
     
  RSS feeds RSS Feeds  
     
   
     
   
     
     
     
   
     
   
     
 

BUSINESS NEWS

 
     
 

Petrofac awarded North Sea contract renewal

Posted: 13 July 2011

Petrofac reported its Offshore Engineering & Operations (OE&O) business has been awarded a contract renewal by Marathon Oil.

"The renewal of this important contract with Marathon is recognition of the strength of the working relationship our respective teams have developed in the past six years," said Bill Dunnett, managing director, Petrofac OE&O.

"As a group we are committed to the North Sea and this long-term contract extension, which enables us to continue to deploy our extensive services capability, is key to our continued growth and development in the region."

Petrofac has been working with Marathon on its North Sea Brae assets since 2005. Following the delivery of a number of critical projects, the contract has been extended by a further four years.

Starting in August 2011, Petrofac will deploy its engineering, construction, operations and maintenance services under the terms of the new contract. The base scope is valued at £36 million, although this does not include the value of any future projects which may get sanctioned.

 

 
     

 


Advertise here

Dana Gas

SABIC