NEO Energy has let an extension of its integrated services contract to Petrofac for NEO Energy’s Global Producer III floating production storage offtake (FPSO) vessel in the UK Continental Shelf (UKCS).
Dumbarton field is tied back to the FPSO via subsea manifolds. Petrofac will continue to deliver operations, maintenance, engineering, and construction support to the vessel to extend the field’s life. The extension is worth £250 million.
Current forecasts expect the asset to remain fully operational until at least 2026 when it is due for its next reclassification by DNV. Both NEO Energy and Petrofac will work to extend field life beyond this date.
NEO Energy is 100% owner and operator of Dumbarton field.