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Petrofac lands new 5-year North Sea contract with Ineos

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It will build on its current operations and support services through the new deal

British oilfield services provider Petrofac has landed a new 5-year North Sea contract, and is set to build on its provision of Operations & Maintenance Support Services for Ineos FPS, media reports said.

In this regard, Nick Shorten, managing director for Petrofac Engineering and Production Services, West told the media, “Over the past year we have been supporting INEOS FPS as they work to transform the Forties Pipeline System, and during this time our teams have developed a great understanding of both our client’s onshore and offshore sites.

“The enhancement of this contract demonstrates our client’s continued confidence in our ability to maintain safe operations while delivering improvements to production efficiency. We very much look forward to continue working with INEOS to unlock further value.”

According to the new deal, Petrofac will also provide staff for the Ineos onshore terminal at Cruden Bay. At the same time, it will continue to supply personnel to the Unity Platform in the Central North Sea, the onshore Cruden Bay Terminal and other landline sites.

Last year, Petrofac announced that it will aim to reduce its direct and indirect emissions to net zero by the end of 2030. The company further revealed that it is setting interim targets of 10 percent of women in senior roles by 2021 and 20 percent of women in senior roles by 2025.

During the same period, a joint venture between Petrofac  and SOCAR (State Oil Company of the Republic of Azerbaijan) have secured a services contract with BP Azerbaijan. The contract was estimated to be worth $100 million. According to the deal, the JV will provide BP Azerbaijan with international payroll and personnel support services, including training services.

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