Petrofac Wins $350Million Service Contract for Equatorial Guinea’s Zafiro Field - Africa’s premier report on the oil, gas and energy landscape.

Petrofac Wins $350Million Service Contract for Equatorial Guinea’s Zafiro Field

London based engineering firm, Petrofac, has been awarded a Technical Services Contract by Compañía Nacional de Petróleos de Guinea Ecuatorial (GEPetrol), Equatorial Guinea’s state hydrocarbon company, to support the operation of the country’s Block B.

Under the contract, valued at around $350Million over five years, Petrofac will deliver technical services across onshore support bases, a Floating Production, Storage Offloading (FPSO) facility and a platform on behalf of GEPetrol, the Operator. The contract draws on the core services of Petrofac’s Asset Solutions division, including operations, maintenance, asset integrity, integrity management, marine services, well engineering, project delivery and supply chain services.

The 2,000 square kilometre Block B hosts the Zafiro oil field, located 68 kilometres WNW of Bioko island, adjacent to the international border with Nigeria. ExxonMobil brought the Zafiro field online in 1996 via subsea wells tied back to the Zafiro Producer floating production unit (FPU). The Zafiro complex is a group of seven mature fields located in the offshore eastern Niger Delta.

The contract signing “marks a key milestone in our journey to becoming operator of Block B on 1 June 2024”, notes Teresa Isabel Nnang Avomo, Director General of GEPetrol. “We are excited to grow our partnership with Petrofac. By unlocking the huge potential of our indigenous national workforce, we will build with Petrofac’s assistance, an organisation for the long-term management and development of our country’s oil and gas assets.”

A fixed platform called Jade was added to the Zafiro complex in 2000 while the Southern Area Expansion project was brought on stream in 2003 using the FPSO Serpentina. ExxonMobil was forced to stop production at the Zefiro field in September 2022 due to severe water infiltration into the FPU Zafiro Producer.

The contract follows Petrofac’s initial scope supporting the transition of the asset from Mobil Equatorial Guinea Inc (MEGI).

 

 

Share Article


Sponsored

No comments yet.

Leave a comment

Comment form

All fields marked (*) are required

© 2024 Festac News Press Ltd..