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Driving North Sea efficiencies

Petrofac, Faroe Petroleum and Eni have established a cost-saving partnership to drive efficiencies in their UK operations in the southern North Sea. The agreement will see collaboration between Petrofac and the respective equity owners and operators of the Hewett, Schooner and Ketch gas fields, with logistics and accommodation services across the facilities being shared. This collaborative initiative is in line with Sir Ian Wood’s vision to maximise economic recovery on the UKCS as ‘co-operation is crucial in restoring competitiveness’, said Deidre Michie, Oil & Gas UK’s Chief Executive. 

News Item details


Journal title: Petroleum Review

Subjects: Economics, business and commerce, Gas fields, Cost reduction

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