Petrofac Launches Tech Plan for Offshore

UK Petrofac has signed an exclusive partnership agreement with MODS to use its 'Virtual Manager Enterprise’ (VME) technology within the UK continental shelf as an engineering, procurement and construction (EPC) contractor, it said February 11.

MODS is a digitalisation and dimensional control service company and VEM is a data hub that allows collaboration between onshore and offshore personnel. This increases "cross-discipline communications, workflow and productivity, while providing real-time progress tracking. The cloud-based tool considerably reduces the amount of interactions between systems and has documented productivity increases of 20-70%," said Petrofac.

VME is one of several initiatives in development and deployment at Petrofac with potential for significant and sustainable value and cost savings, as well as performance driven improvement.

Petrofac's COO for engineering and production services John Pearson said that the deal would help Petrofac generate cost efficiencies and higher productivity across the life-cycle of projects.

MODS CEO Jon Bell said: “This exciting new partnership with Petrofac will push boundaries and help the UKCS move into a new era of efficiency and innovation. VME was first developed in the North Sea, so it’s great to see it return to the region.”