Petrofac has teamed up with Faroe Petroleum and Eni Hewett to establish a cost saving partnership across their UK operations in the Southern North Sea.
The tripartite agreement is aimed at driving efficiencies and commercial synergies.
Petrofac will share logistics across the Schooner, Hewett and Ketch gas fields to share logistics and accommodation services across the facilities.
Faroe Petroleum is operator and 60% equity holder in the Schooner and Ketch fields while Eni Hewett is operator and 89% equity holder in the Hewett complex.
One example of the tripartite approach has seen Faroe Petroleum invest in a new variant of NHV’s Augusta Westland 139 helicopter which will enable an increase in passenger numbers and freight capacity.
The use of the helicopter will be shared with Eni Hewett.
In exchange offshore personnel contracted to the normally unmanned Schooner and Ketch assets will stay nearby on the Eni Hewett complex rather than returning to shore each day.
The aim is to cut down travel time and ensure cost efficient mobilisation of personnel.
This approach will see the partnership deliver significant cost reductions and effectively manage resource mobilisation through a collaborative and open commercial arrangement.
Graham Stewart, chief executive of Faroe Petroleum, said: “Since taking over operatorship of Schooner and Ketch last year, we have focused on a number of measures across the supply chain designed to improve operational efficiency without compromising safety which we feel is especially relevant in this new era of low commodity prices.
“This arrangement is one such innovative measure, which entails the sharing of key services which will materially reduce offshore operating expenditure, and improve operational efficiency.”
Oil & Gas UK chief executive Deirdre Michie has welcomed the move and said: “If we’re to fulfil Sir Ian Wood’s vision to maximise economic recovery from the UK Continental Shelf (UKCS), co-operation is crucial in restoring competitiveness.
“We are now hearing examples up and down the country of companies finding ways to work together in order to revitalise the UKCS.
“To build on the work of individual companies, Oil & Gas UK has put in place the Efficiency Task Force to provide the catalyst for pan-industry improvement – in processes, standardisation and behaviours – so that the UK oil and gas industry can continue to attract investment and support hundreds of thousands of high skilled jobs for decades to come.”
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