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Petrofac Awarded Maintenance Services Contract by BP

Petrofac Petrofac's Offshore Engineering & Operations business has been awarded a contract to provide maintenance services in the North Sea by BP Exploration Operating Company Ltd.

Petrofac has won a prestigious five-year contract, worth in excess of £100 million. Under the terms of the contract, Petrofac will deliver integrated maintenance management support services including: the planning, co-ordination and execution of maintenance activities for all of BP's UK offshore assets and the onshore Dimlington plant.

Bernard Looney, managing director, BP North Sea, said: "I am delighted that Petrofac has been awarded the Maintenance Contract. They have the capability to deliver our maintenance strategy and have demonstrated their determination to succeed and I very much look forward to a long and productive partnership. The North Sea is a big part of BP's global business and our goal is to sustain investment over the next decade. This has been the third contract to be awarded out of our £1 billion portfolio of key contracts to be announced over the coming months. These are more than traditional contract renewals - they are designed to fundamentally transform the way we work together with our suppliers to drive improved safety and efficiency in the basin."

Maroun Semaan, Petrofac's group chief operating officer commented: "This is a significant contract win for our Offshore Engineering & Operations business and we are delighted to have the opportunity to share our experience and knowledge with BP. An integrated maintenance approach will be adopted, which will enable us to focus on common ways of working to deliver, safely, our mutual goals of enhanced integrity, uptime and asset performance, creating value for both organisations."

Posted 16/11/09

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