Dana Petroleum lets well management services contract

Dana Petroleum has let a contract to Petrofac to provide well management services for all its UK North Sea operated assets. These include both the Triton FPSO and the Western Isles FPSO vessels in the North Sea.

The new 2-year contract, with options for extension, continues the existing 5-year relationship, providing outsourced well engineering services to Dana’s 11 operated and 18 non-operated licenses in the UK North Sea, the service provider said in a release Oct. 11.

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.

Petrofac values the new contract at $60 million.