Petrofac to go on as NEO Energy’s well operator for another five years

Energy services provider Petrofac has secured a five-year contract extension for well management and well operator services with NEO Energy.

Petrofac will provide a five-year framework for well management and well operator support for 27 wells across the Affleck, Balloch, Dumbarton, Lochranza, and Finlaggan fields located in the Central North Sea, UK. The contract also positions Petrofac to support future well construction and intervention campaigns, the services provider informed on Tuesday.

Today’s contract announcement builds on Petrofac’s previously awarded integrated services contract for NEO Energy. The contract, which began in 2020 and was extended early in 2021, involves the provision of ongoing operational, maintenance, engineering, and construction support for the operator’s UK activities while retaining direct procurement and managing sub-contracted services.

Nick Shorten, Chief Operating Officer for Petrofac’s Asset Solutions business, pointed out that Petrofac is the well operator for over 50 wells on behalf of seven clients in the UKCS, including NEO Energy.

He added: “Since taking on well management and well operator responsibilities on behalf of NEO in 2020, we have proactively managed the integrity of existing well stock, supported the successful startup of the Finlaggan field and continued to plan and prepared for execution of production enhancing intervention and new well construction campaigns in 2022/23. We have achieved this thanks to our close working relationship with NEO and our commitment to enhancing value and delivery excellence.”

It is worth reminding that NEO Energy last October confirmed the first gas from its Finlaggan field development, a tieback to the Britannia platform in the UK North Sea.