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IN BRIEF: Petrofac wins decommissioning contract in Gulf of Mexico

5th May 2022 15:11

Petrofac Ltd - Jersey-based services provider to the energy industry - Wins "sizeable" decommissioning contract in alliance with Promethean Decommissioning Co, a pure-play decommissioning operator. The two companies will decommission the South Pass 60, South Pass 6 and East Breaks 165 fields, offshore Gulf of Mexico. PDC appoints Petrofac as the decommissioning services provider, with the estimated value of the contract to be USD200 million. The companies also select US company Danos as offshore services provider.

"This significant contract recognises our industry-leading decommissioning programme management experience and our unique in-house capability to manage all well and asset decommissioning phases," says Petrofac Asset Solutions Chief Operating Officer Nick Shorten.

Current stock price: 146.50 pence

12-month change: up 27%

By Elizabeth Winter; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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