Ithaca energy signs 5-year integrated services contract with Petrofac
Wednesday 16 September 2020
Ithaca Energy is pleased to announce that it has signed a 5-year Integrated Services Contract with Petrofac Facilities Management Limited.
The Integrated Services Contract includes the provision of engineering, construction, maintenance, and offshore manning provision across all of Ithaca Energy’s North Sea operated assets. In conjunction with implementation of the new services contract, Ithaca Energy has made the strategic decision to become “duty holder” for the FPF-1 floating production facility.
The FPF-1 is located in Block 30/6a and serves the Ithaca-operated Greater Stella Area production hub.
Bill Dunnett, Chief Executive Officer, Ithaca Energy, said: “The breadth of this agreement is an excellent example of the long-standing collaboration between Ithaca Energy and Petrofac, which is designed to realise economies of scale, maximising the value and potential of our assets.
“It provides the opportunity to drive further efficiencies and leverage our in-house capabilities through the transfer of the FPF-1 duty holder. Our continued strong partnership with Petrofac is key in delivering safe, simplified and streamlined operations.”