Petrofac has been awarded a contract extension with Neptune Energy on the Cygnus platform, worth around $14million (£10m).
The three-year deal, coming into effect on January 1, 2022, includes operations and maintenance services for Cygnus Alpha in the southern North Sea.
It comes as the services firm celebrates a decade working on the field, starting with its pre-operational phase in 2011, and since expanding its contract to cover a range of services on the gas field.
Petrofac chief operating officer Nick Shorten said: “People power our delivery. Our support of Neptune Energy, like many of our North Sea clients, focuses on the provision of skilled personnel who work hard to drive value through safe and efficient operations. The renewal of this long-standing contract recognises the commitment and expertise of our team, and the knowledge they have built of the asset. What better way to celebrate ten-years supporting the Cygnus field.”
Cygnus is a crucial component of the UK North Sea energy infrastructure, capable of producing approximately 6% of UK domestic gas demand.
Neptune Energy UK managing director, Alexandra Thomas, said: “Petrofac has been an integral part of the team at Cygnus over the past decade. The awarding of this contract extension ensures we retain skilled personnel with in-depth knowledge of the asset and underlines our commitment to strengthening our relationships with service partners.”
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