Oilfield services provider Petrofac has been awarded a long-term extension for the provision of operations and maintenance (O&M) services on a floating production, storage, and offloading vessel (FPSO) vessel, which is carrying out operations at an oil field offshore Thailand.
This five-year contract with Busrakham Jasmine, an affiliate of Valeura Energy, extends Petrofac’s position as service operator of the FPSO FPF – 003, the former FPSO Jasmine Venture MV7. The company has held this role since 2011. The FPSO FPF – 003 is working on the Jasmine field in the Gulf of Thailand.
According to Petrofac, it has extended expected asset life “far beyond expectations” – from 2016 to 2028 – throughout its tenure, as a result of a cost-effective approach to operations and life extension projects, resulting in the production of over…
