SPD Limited, part of the Petrofac Group, has secured a contract from Zennor Petroleum to provide well design and well construction management services, to support the Finlaggan appraisal well which is located in the Central Sector of the North Sea.

The contract – awarded as a result of competitive tender – commenced last month. Petrofac’s highly experienced well management team is responsible for executing the planning and operational phases and will manage the end-to-end process within a six month schedule. This will involve detailed design and planning, procurement, subcontractor management and the execution of the appraisal well operations.

Alex MacDonald, Managing Director – SPD, Petrofac Engineering & Production Services said: ‘We’re delighted to begin the year with a key contract to support an existing customer. This is our third well project management award from Zennor Petroleum in the United Kingdom Continental Shelf. It cements our existing relationship with them, building on our established portfolio of well project management and engineering services delivery.

‘We’re committed to delivering a safe, successful and to budget subsea appraisal well campaign, which meets the well objectives and provides the data to prove future economic viability.’

Established in 2002, SPD is part of Petrofac’s Engineering & Production Services business and has amassed a wealth of experience in planning and managing well operations worldwide. It has operational centres in Aberdeen, Sharjah, Kuala Lumpur and New Zealand and has drilled more than 180 wells worldwide.

This article is for information and discussion purposes only and does not form a recommendation
to invest or otherwise. The value of an investment may fall. The investments referred to in this
article may not be suitable for all investors, and if in doubt, an investor should seek advice from
a qualified investment adviser. More

Source link