Petrofac awarded long-term extension for NEO Energy contract

Global energy services provider Petrofac on Tuesday said it had 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, for NEO Energy, the company said.

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

“As well operator for over 50 wells on behalf of seven clients, including NEO Energy, this award allows us to build on our exemplary track record of delivering Well Operator services in the UKCS,” Nick Shorten, Chief Operating Officer for Petrofac’s Asset Solutions business, said in a statement.