Petrofac awarded significant North Sea well management contract

6/1/2020

LONDON - Petrofac’s Engineering & Production Services business (EPS) has secured a well management contract for Phase 1 of Independent Oil and Gas plc’s (IOG) Core Project.

Petrofac will support IOG’s development of the Southwark, Blythe and Elgood fields in the UK Southern North Sea (SNS). The five-well contract scope covers the planning, execution and close-out phases of the Phase 1 drilling program, with Petrofac intended to act as Well Operator on behalf of IOG, a role it has performed for nine other companies in the UK North Sea.

The planning phase includes detailed well design, risk assessment and management of well-related regulatory requirements. During the execution phase Petrofac will manage well engineering, procurement and logistics, assure well construction and integrity, and provide onshore and offshore personnel to support the drilling campaign.

Nick Shorten, Managing Director for Petrofac Engineering and Production Services West, said: “We are thrilled to be supporting IOG’s prestigious SNS gas development project. Through the deployment of our extensive asset and well management expertise, we will work closely with IOG to assure the integrity of the wells and deliver a safe and cost-efficient drilling program to support the advancement of their development.”

Andrew Hockey, CEO of IOG, commented: “We are very pleased to have selected Petrofac as the well management contractor for Phase 1 of our core UK SNS gas development. Petrofac has demonstrated that they have the right credentials and expertise to execute what will be a critical role in helping IOG to deliver a safe, productive and cost-effective five-well Phase 1 drilling campaign kicking off in the first half of next year.

“The IOG drilling and subsurface teams have already established a strong working relationship with the Petrofac team in recent months and this will deepen further as Phase 1 drilling preparations ramp up.”

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