I3 Awards Petrofac Three-Year Wells Contract

I3 Awards Petrofac Three-Year Wells Contract

The UK North Sea license areas of I3 Energy have chosen Petrofac to provide well engineering, well operations, and well operator services.

As part of the contract, I3 will continue its multi-year provision of well operator and project management services, resulting in the successful completion of three fast-track appraisal wells for them in 2019 on the Liberator and Serenity fields.

A fast-track appraisal well is scheduled to be drilled in the Serenity field later this year under this new contract. Petrofac will operate and execute the well as well as provide all services, including vessels, helicopters, and drilling.

Nick Shorten, Chief Operating Officer for Petrofac’s Asset Solutions business said: “I’m delighted that our world-leading wells expertise is supporting i3 Energy in the development of their existing North Sea discoveries to safely, efficiently and quickly maximize economic recovery. We are proud of our unique skillset which, having helped i3 to discover Serenity in 2019, will now be supporting its progress toward field development.”

Adding to Petrofac’s well engineering expertise, this latest long-term deal builds on recent major contracts signed in Australia, Africa, and the Gulf of Mexico.

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