Dana Petroleum has selected leading service provider, Petrofac, to provide well management services for all of its UK North Sea operated assets.
The two-year contract, which will include providing services to both the Triton FPSO (Floating Production Storage and Offloading) and the Western Isles FPSO vessels, continues on the back of an existing five-year relationship between the two companies. Petrofac previously provided outsourced well engineering services to Dana’s 11 operated and 18 non-operated Licenses in the UK North Sea.
The contract includes full life cycle well engineering, from initial concept through detailed design and planning, supporting well construction, intervention, and decommissioning activities. The contract is valued at approximately US$60mn.
“I’m proud of the value we have been delivering to Dana for the last five years, but there is no better validation of our delivery than our customers decision to retain our services. We look forward to supporting their delivery of value for their shareholders through continued safe, reliable and efficient operations,” said Nick Shorten, Chief Operating Officer, Petrofac’s Asset Solutions.
Chief Operating Officer at Dana Petroleum, Andy Duncanson, said, “We are really pleased to award this new contract to Petrofac. Dana is committed to doing all we can to support the supply chain and nurture the specialist skills that are so important for both our business and the wider sector.”