Petrofac wins $14mn contract extension at Cygnus gas field
UK oil and gas field services provider Petrofrac said July 6 it had secured a three-year contract extension from Neptune Energy for work at the Cygnus gas field in the North Sea.
The $14mn contract renewal, which takes effect on January 1, 2022, covers operations and maintenance services at the Cygnus Alpha platform.
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Petrofrac described the Cygnus field as the largest gas discovery in the southern waters of the North Sea in the last 30 years, capable of meeting about 6% of total UK demand for natural gas.
Neptune in January awarded $6.5mn in contracts for integrity management and fabric maintenance at its Cygnus gas platform in the UK to Oceaneering and Stork.
Neptune operates the field with a 38.75% interest, while its partner Spirit Energy, controlled by retailer Centrica, has 61.25%.