Petrofac Awarded a US$200 Million Decommissioning Contract in the Gulf of Mexico

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Petrofac Awarded a US$200 Million Decommissioning Contract in the Gulf of Mexico

Fri, 05/13/2022 - 08:54
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Oil rig silhouettes in the Gulf of Mexico (© Shutterstock/Lukasz Z)
Oil rig silhouettes in the Gulf of Mexico (© Shutterstock/Lukasz Z)

Promethean Decommissioning Company (PDC) has awarded Petrofac a decommissioning project worth US$ 200 million based on the BSEE estimated cost.

With more than two decades of experience in large project execution and incredible in-house engineering, Petrofac is expected to use its tried and tested decommissioning tools, management system, and processes to deliver the contracted program.

“We are pleased to offer our new outsourced ‘Decommissioning Operator’ service to the industry and to commence activity on this major decommissioning project.

“We are fully aligned with all our stakeholders to improve environmental performance through the safe and efficient decommissioning of end-of-life assets,” Founder and CEO of Promethean Energy Corporation, Aditya Singh, said on May 5, 2022.

Petrofac’s integrated local team working in collaboration with the global decommissioning organization, as well as its supply chain partners plugged and abandoned over 600 wells and decommissioned more than 100 facilities.

The leading service provider to the global energy industry formed an alliance with a pure-play decommissioning operator Promethean Decommissioning Company (PDC), to decommission the South Pass 6, South Pass 60, and East Breaks 165 fields located in the Gulf of Mexico.

 “This significant contract recognises our industry-leading decommissioning program management experience and our unique in-house capability to manage all well and asset decommissioning phases.

“It’s been more than four decades since Petrofac first began in Texas, and in that time, we have expanded our offshore capabilities across the globe. This expertise will be applied to the project, complemented by our already strong onshore presence in Texas,” said Nick Shorten, Chief Operating Officer for Petrofac’s Asset Solutions business.

“We look forward to working with PDC as part of our Alliance to deliver a new approach to large-scale decommissioning programs in the Gulf of Mexico,” he added.

PDC as an operator focuses primarily on field decommissioning. The company is led by industry-experienced specialists having strong regulatory, management, safety, and governance track record of delivering environmentally optimized and cost-efficient decommissioning.

The Alliance appointed Danos, a company with more than 2500 employees and a proven track record of operational excellence and safety in handling decommissioning projects, to support field operations as well as the decommissioning program.

The integrated alliance team will kick off the decommissioning project from Houston using a wide range of tools and resources, including the latest digital software such as Petrofac’s revolutionary project management tools, Turus™, to deliver a comprehensive, transparent and assured decommissioning projects.

“I am particularly pleased that the PDC and Petrofac Alliance has been selected, leveraging the complementary strengths of both companies,” concluded Singh.

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