Petrofac forms industry alliance

Petrofac, Repsol Sinopec Resources UK and TechnipFMC have formed an industry alliance which seeks to maximise the recovery of oil and gas from the UK Continental Shelf (UKCS). Under the terms of the partnership, Petrofac will provide all services associated with topsides engineering and operations support, whilst TechnipFMC will deploy its iFEED  front-end engineering and design solution and its integrated subsea business model,iEPCI (integrated Engineering, Procurement, Construction and Installation).  Repsol Sinopec will provide access to its facilities under the industry-led infrastructure code of practice. 

Nick Shorten, Managing Director of Petrofac’s Engineering and Production Services, West business said: “With more than three billion barrels locked in marginal fields across the UKCS, small pools represent a big opportunity. Industry level collaborations such as this, will drive the standardisation required to reduce the time and cost of tie-back developments. Petrofac is thrilled to combine the asset knowledge gained as Repsol Sinopec’s operations and maintenance partner, with our engineering and project management expertise in support of this exciting collaboration.”