Petrofac Secures $400 Million From UK Contract Extensions
December 14 2015 - 3:01AM
Dow Jones News
By Alex MacDonald
LONDON--Petrofac Ltd. (PFC.LN) said Monday it has secured recent
contract extensions from its customers on the U.K. Continental
Shelf worth about $400 million.
The international service provider to the oil and gas industry
said it has recently secured a two-year extension with Centrica
Storage Ltd., a unit of Centrica PLC (CNA.LN), to its Services
contract on the 8A platform in the Rough field, which will start
production in January 2016.
It has also secured a five-year contract extension from EnQuest
PLC (ENQ.LN), combining the services of an existing Facilities
Management Agreement that will see Petrofac continue working on the
Kittiwake platform.
This is the second round of UKCS renewals announced by Petrofac,
with the award this year of several operations and maintenance
contracts, worth $400 million, from such customers as CNRI and Eni
SpA (E).
Write to Alex MacDonald at alex.macdonald@wsj.com
(END) Dow Jones Newswires
December 14, 2015 02:46 ET (07:46 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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