Petrofac and Transmission Capital Sign Five-Year OFTO Deal

Petrofac has secured a five-year framework agreement with Transmission Capital to provide engineering services across six of its Offshore Transmission Owner (OFTO) assets.

Under the agreement, Petrofac has already won two subsea engineering contracts for key export cables connecting the Lincs and Robin Rigg offshore wind farms in the UK with their onshore transmission systems.

The two companies previously collaborated in 2016, when Petrofac completed risk assessment and engineering support on two 48km subsea cables connecting the Lincs offshore wind farm with the onshore transmission system.

The new cooperation is said to enable the UK-based company to support future engineering requirements across all of Transmission Capital’s OFTO export cables and substations in the Southern North Sea and the Irish Sea.

Usman Darr, Vice President Engineering Services for Petrofac Engineering and Production Services West, said: “We very much look forward to having the opportunity to leverage our experience of challenging seabed conditions on behalf of Transmission Capital, through a range of multi-discipline engineering and operational support services.”

After Transmission Capital had been chosen as the preferred bidder for the Lincs offshore transmission license in May 2012, the company established TC Lincs OFTO Ltd as a special purpose company, which won the license and took ownership of assets in November 2014 at the price of GBP 307.7 million.