UK-listed contractor Petrofac has won two new contracts worth around $100 million with Cairn Oil & Gas, Vedanta, including its first major operations and maintenance job in India.
Under the terms of one of the contracts, Petrofac will provide integrated O&M services to support the operator’s Ravva field, which already produces oil and gas in the Krishna Godavari basin, offshore Andhra Pradesh state.
The duration of the contract is four years, with an option to extend by 12 months, and its workscope includes full O&M including offshore platforms, subsea pipelines and the onshore processing terminal.
One of the largest private oil and gas companies operating in India, Cairn also selected Petrofac to undertake a lump-sum engineering, procurement and construction project to support the provision of well hook‐up and surface facilities for the Raageshwari Deep Gas field, in Barmer, Rajasthan.
Executed on a fast-track basis, the main scope of work includes bringing on stream additional wells, augmentation and modifications to handling and treatment facilities including electrical, instrument control, and safety and protection systems.
This award follows a previous lump-sum EPC contract, valued at about $233 million, which Cairn four years ago awarded to Petrofac in for its RDG project.
“The award of these contracts both deepens our footprint in India and supports the geographical growth of our Asset Solutions business, as it leverages more than 25 years of operations and maintenance expertise in India for the first time,” said Nick Shorten, chief operating officer for Petrofac’s Asset Solutions business.
The work will be supported by Petrofac’s engineering centres in Chennai and Mumbai.
Prachur Sah, deputy chief executive, Cairn Oil & Gas, Vedanta Ltd: “Cairn’s association with Petrofac furthers our long-term vision of optimisation of asset operations and achieving profitability.
“We are confident this partnership will further strengthen our execution and operational excellence, enabling us to actualise our vision of adding 500,000 barrels of oil equivalent per day and doubling domestic crude production capacities.”
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