Petrofac has been awarded a three-year contract extension from Neptune Energy valued in the region of USD 14M.
The renewal, which comes into effect on 1 January 2022, includes the provision of operations and maintenance services for Neptune Energy’s Cygnus Alpha platform in the Southern North Sea. The contract incorporates options to extend its term.
Currently, in addition to its operations and maintenance services contract, Petrofac provides engineering services and emergency response support to Neptune Energy.
Cygnus is a crucial component of the UK North Sea energy infrastructure, capable of producing approximately 6% of UK domestic gas demand.