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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Petrofac Group chief executive officer Ayman Asfari told the media, “Our Net Zero target supports the principles of the Paris Agreement, the UK government’s Net Zero goal, and is aligned with our clients’ own ambitions as the sector moves to a net zero future. Our gender diversity target will help develop more women leaders for Petrofac and our industry, and builds on our work of increasing female representation at both Board and junior levels.”

“Sustainability is at the core of our strategy, underpinning best-in-class delivery, future growth and enhanced returns. It allows us to help clients decarbonise their activities as well as our own; promote safe, local delivery and ethical value chains underpinned by rigorous compliance and governance; and build a diverse workforce that helps address the sector’s skills gap,” he added.

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.

Earlier this week, 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 is 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.

Petrofac also posted a net loss of $78 million in its first half year results for 2020.

It reported a 28 percent reduction in revenue down to $1.6 billion as a result of the coronavirus pandemic.

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