Gulf Oil and Gas accountACCOUNT

Petrofac Awarded Follow-on Well Decommissioning Project

Source: www.gulfoilandgas.com 2/6/2018, Location: Europe

Share |
Petrofac has been appointed to provide outsourced Well Operator Services on the next phase of Tullow Oil’s Thames Decommissioning project, following the award of a new multi-million dollar contract.

Under the terms of the award, Petrofac will provide well engineering project management services and fully execute plug and abandonment operations on seven of Tullow Oil’s subsea wells. This will include detailed planning, direct procurement and management of all sub-contracted services, including provision of a jack-up rig. Petrofac has also been nominated as Well Operator for the project.

In 2016 the Company permanently abandoned two wells for Tullow Oil on its Horne & Wren asset, delivering cost savings of US$2.5million through its differentiated approach to decommissioning.

Alex Macdonald, Managing Director – Well Engineering, Petrofac Engineering and Production Services, said: “Having proven our integrated well engineering services capability and realised substantial cost savings for Tullow Oil, we are delighted to have an opportunity to further strengthen our relationship.

“Certainty of cost and schedule are critical success factors for this project. We have worked collaboratively with our supply chain to develop a shared approach to risk and reward, which supports delivery excellence. We very much look forward to realising this added value for Tullow Oil as the project progresses.”

Petrofac became the first outsourced Well Operator to execute fully integrated Well Operator services in 2016. The company’s Well Operator capability evolved from its outsourced Service Operator model and its extensive track record in well project management, enabling Petrofac to provide a standalone or integrated approach to the management of wells, installation and pipeline operations.

Drilling & Well Services >>

Drilling & Well Services News in United Kingdom >>

Austria >>  9/30/2018 - The rise in crude oil prices above $82 a barrel has led to more predictions of $100 a barrel around the end of the year. A supply crunch is to blame, ...

Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


United Kingdom Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 |

More News

 

Oil & Gas Companies in United Kingdom >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.