Petrofac, Repsol, Technip Form Industry Alliance to Maximize North Sea Reserves

Petrofac, Repsol, Technip Form Industry Alliance to Maximize North Sea Reserves

Petrofac company announced the formation of industry alliance with companies of Repsol Sinopec Resources UK and TechnipFMC to maximize the recovery of oil and gas from the UK Continental Shelf (UKCS), a press release stated.

The partnered companies will work together to provide an integrated, technically robust and commercially flexible solution to help the owners of the discoveries in North Sea meet their development objectives.

Under the terms of the partnership, Petrofac will provide all services related to the engineering and operations support.

TechnipFMC will deploy its front-end engineering and design solution and its integrated subsea business model. Repsol Sinopec will provide access to its facilities access under the industry-led infrastructure code of practice.

On this occasion, Nick Shorten, Managing Director of Petrofac’s Engineering and Production Services, West business said: “Industry level collaborations such as this, will drive the standardization required to reduce the time and cost of tie-back developments.”

For his part, Jose Luis Muñoz, CEO Repsol Sinopec said: “This industry collaboration brings together three well respected, experienced companies that have the resources, drive and ambition to support the continued success of the industry for many years to come.”

Jonathan Landes, President Subsea, TechnipFMC, said: “With a shared commitment to excellence in Health, Safety, Environmental and Quality standards, we look forward to working with Repsol Sinopec to deliver a culture of efficiency, standardization and sharing of best practice as we adopt this unique and important alliance in the UK.”


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