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Petrofac has prolonged its long-running partnership with Ithaca Power, successful a two-year, $50 million contract renewal to supply built-in companies throughout the operator’s UK North Sea portfolio.
The settlement will see Petrofac proceed delivering operations, upkeep, engineering, development, and each onshore and offshore technical assist. Ithaca’s operated belongings coated underneath the scope embody the Alba, Captain, Erskine and FPF-1 fields.
The businesses’ relationship stretches again to 2011, with Petrofac’s groups embedded on Ithaca’s belongings for greater than a decade. The contract renewal underscores Ithaca’s dedication to protected, environment friendly and dependable manufacturing in a mature basin going through each operational and financial challenges.
Petrofac stated the extension reaffirms the North Sea as one in every of its core markets, highlighting the continued position of built-in service suppliers in sustaining output and increasing the productive lifetime of UK offshore infrastructure.
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