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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 $200 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%
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