Petrofac awarded well management services contract by Dana
Petrofac, a leading provider of services to the global energy industry, has been selected by Dana Petroleum to provide well management services for all its UK North Sea operated assets. These include both the Triton FPSO and the Western Isles FPSO (Floating Production Storage and Offloading) vessels in the North Sea.
The new two-year contract, with options for extension, continues the existing five-year relationship, providing outsourced well engineering services to Dana’s 11 operated and 18 non-operated Licences in the UK North Sea. The contract scope includes full life cycle well engineering from concept through detailed design and planning, supporting well construction, intervention, and decommissioning activities. As part of its integrated well engineering offering, Petrofac will continue to manage the entire supply chain including rig or vessel hire and well service contracts.
The value of the contract is approximately US$60 million.
Nick Shorten, Chief Operating Officer for Petrofac’s Asset Solutions business said:
“The UK, our home for more than 25 years, is where we first honed our now world-leading well engineering skills. I’m proud of the value we have been delivering to Dana for the last five years, but there is no better validation of our delivery than our customer’s decision to retain our services. We look forward to supporting their delivery of value for their shareholders through continued safe, reliable and efficient operations.”
Andy Duncanson, Chief Operating Officer at Dana Petroleum added:
“We are really pleased to award this new contract to Petrofac. Dana is committed to doing all we can to support the supply chain and nurture the specialist skills that are so important for both our business and the wider sector.”
This long-term UK contract builds on Petrofac’s tier-one wells and decommissioning experience and follows recent major decommissioning contract awards in Australia, Africa, and the Gulf of Mexico.
Related News.
India joins ISF Verify, bringing trusted digital certification within reach of 30 per cent of the global seafarer workforce
Agreement with the world’s second-largest seafarer supply country marks a major milestone for global digital certification. The Directorate General…
OpenGate Capital to acquire Maersk Training, the Global Safety Training and Gas-Safety Services Business of Maersk
OpenGate Capital, a global private equity firm, announced today that it has signed a definitive agreement to acquire Maersk Training and its…
Can AI Save the Planet? Planet Classroom examines AI’s Climate Impact, Energy Demands and Clean Energy Solutions
C. M. (Cathy) Rubin and The Nest Campus CEO Peter Gilmer explore AI's growing environmental footprint, billions in climate investment, and the…
Smart Port Market Size to be valued at USD 23.10 Billion by 2034; Increasing Volume of International Maritime Trade to Boost Market Development: Fortune Business Insights™
The global smart port market size was valued at USD 3.4 billion in 2025 and is expected to be worth USD 4.2 billion in 2026. The market is projected…
Closer cooperation with India can strengthen Danish shipping
Minister of Business and Competitiveness Martin Lidegaard is leading a Danish business delegation to India. Green shipping is among the…
IRClass Academy and PIP Makassar strengthen Executive Maritime Capability through IMPDP 2026
Indian Register of Shipping , through its professional training and development arm IRClass Academy, has further strengthened its engagement in…
MOL, Sharp, IOM Implement Solar Panel Donation Project
Move Will Enhance Living Conditions in Power-short Areas of Kenya Mitsui O.S.K. Lines, announced the donation of solar power panels to communities in…
Intermodal Report Week 44 2026
Pls find below the Intermodal Report - Week 44 2026 Intermodal Report Week 44 2026
Allied Weekly Market Review Week 44
Pls find below the Allied - Weekly Market Review - Week 44 ALLIED - Weekly Market Report- Week 44
Nor-Shipping partners with Marketing in Maritime to deliver Marketing & Communications day and awards in 2027
Nor-Shipping is partnering with Marketing in Maritime to deliver a dedicated Marketing & Communications Day and awards initiative at the 2027…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
