Petrofac secures five-year contract renewal with ONE
ST. HELIER -- Petrofac’s Engineering & Production Services (EPS) business has secured a five-year renewal on its Duty Holder Support Services contract with Oranje-Nassau Energie Resources Limited (ONE). Under the agreement, which is worth in the region of $20 million over the term, Petrofac will continue to provide operations and maintenance, engineering, training and asset management support for ONE’s Sean asset in the Southern North Sea (SNS).
ONE was a new entrant to the UKCS when it acquired a 50% operated interest in Sean field in 2014. Petrofac subsequently supported the Transfer of Operatorship of the Sean asset - which comprises a manned, bridge-linked wellhead and production platform, and a Not Normally Manned Installation (NNMI) – and was awarded the initial Duty Holder Support Services contract in 2015.
