Petrofac Secures $400 Million From UK Contract Extensions

By Alex MacDonald

LONDON--Petrofac Ltd. (PFC.LN) said Monday it has secured recent contract extensions from its customers on the U.K. Continental Shelf worth about $400 million.

The international service provider to the oil and gas industry said it has recently secured a two-year extension with Centrica Storage Ltd., a unit of Centrica PLC (CNA.LN), to its Services contract on the 8A platform in the Rough field, which will start production in January 2016.

It has also secured a five-year contract extension from EnQuest PLC (ENQ.LN), combining the services of an existing Facilities Management Agreement that will see Petrofac continue working on the Kittiwake platform.

This is the second round of UKCS renewals announced by Petrofac, with the award this year of several operations and maintenance contracts, worth $400 million, from such customers as CNRI and Eni SpA (E).

Write to Alex MacDonald at alex.macdonald@wsj.com

(END) Dow Jones Newswires

December 14, 2015 02:46 ET (07:46 GMT)

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