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 Petrofac awarded two-year contract extension by Spirit Power
March 9, 2023

Petrofac awarded two-year contract extension by Spirit Power

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Power providers agency Petrofac has secured a two-year operations and late life asset assist contract extension with Spirit Power.

Constructing on the pair’s decade-long relationship, the deal contains the supply of operations and upkeep assist for Spirit’s York platform within the southern North Sea.

It additionally covers engineering, venture and consultancy providers for all the operator’s North Sea belongings.

Petrofac (LON: PFC) has supported Spirit Power belongings since 2012.

From 2018 to 2019, it took half in preparation work for the decommissioning of the corporate’s Audrey and Ensign platforms.

Nick Shorten, chief working officer for Petrofac’s asset options enterprise, stated: “The renewal of this key contract is demonstrative of the profitable working relationship our respective groups have developed over the previous ten years and the worth Petrofac has been ready so as to add within the late life operations section. Our assist of Spirit’s current life extension venture on York, which has elevated manufacturing by three to 4 years, is a good instance of this. We stay up for persevering with on this vein.”

It was introduced final 12 months that the Spirit-owned York fuel area had been given one other three years of life following a profitable extension venture.

Positioned about 20 miles from the Yorkshire shoreline, the asset began manufacturing in 2013.

Since then it has yielded 45 billion cubic ft of fuel – an additional 18 billion cubic ft is anticipated because of the current funding.

Preliminary estimates had York, which is 100% owned by Spirit, producing till 2020, although the extension venture has pushed again that timeline till 2023/24.

Spirit’s different North Sea pursuits embrace a 15% stake in Shell’s Edinburgh properly, which was spudded not too long ago.

It has the potential to be one of many largest remaining undrilled buildings within the central North Sea.

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