Petrofac Secures Well Engineering Contracts

Petrofac has strengthened its global Well Engineering contracts portfolio following a series of award wins worth a combined value of around $20 million.

Petrofac secured an exclusive five-year Well Operator Services contract from independent Exploration & Production company, Tailwind Energy Ltd (Tailwind), following Tailwind’s recent purchase of the Triton Cluster. Under the terms of this arrangement, Petrofac will act as Well Operator for the Gannet E, Belinda and Evelyn licence areas in the Central North Sea.

The company has also been awarded discreet Well Engineering scopes by two major International Oil Companies (IOCs) and three National Oil Companies (NOCs) for projects in Iraq, Turkey and New Zealand. These additional scopes reflect the continued global growth of Petrofac (POFCF)’s Well Engineering capabilities.