18 May 2022

Petrofac, a leading provider of services to the global energy industry, has grown its presence in Africa having been selected by Tullow Oil to provide well decommissioning services in Mauritania.

The contract, with potential total value of more than US$60m, involves the project management, engineering, planning and plugging and abandonment (P&A) of seven subsea wells on Tullow Oil’s Banda and Tiof fields.

Petrofac assumes responsibility for the subsea well decommissioning scope from Maersk Decom, who have been preparing the work since 2020. By mutual agreement, the parties have novated the contract to Petrofac who will take immediate responsibility for the project, with the offshore scope running from Q4 2022 throughout Q1 2023. Petrofac will provide all personnel, assets and equipment required for the project, including management of the Island Innovator drilling unit and offshore support vessels.

Nick Shorten, Chief Operating Officer for Petrofac’s Asset Solutions business said: “Today’s award is further demonstration of the international demand that exists for the skills and quality of delivery we have established in the North Sea.

“Since 2016 Petrofac has delivered three successful decom campaigns for Tullow Oil. We look forward to emulating this success for them in Mauritania, and across the African continent as we continue to grow our business here.”

About Petrofac

Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world’s leading energy companies.

Petrofac designs, builds, manages and maintains oil, gas, refining, petrochemicals and renewable energy infrastructure. Our purpose is to enable our clients to meet the world’s evolving energy needs.

Petrofac’s core markets are in the Middle East and North Africa (MENA) region and the UK North Sea, where we have built a long and successful track record of safe, reliable and innovative execution, underpinned by a cost effective and local delivery model with a strong focus on in-country value. We operate in several other significant markets, including India, South East Asia and the United States. We have 8,200 employees based across 31 offices globally.

Petrofac is quoted on the London Stock Exchange (symbol: PFC).

For additional information, please refer to the Petrofac website at www.petrofac.com

Media Contact

For further information contact:

Sophie Reid
Marketing and Communications
+44 7464 928 392
Sophie.Reid@Petrofac.com