Oil and gas services group Petrofac has been awarded an engineering and construction contract by Apache North Sea.
The three-year contract, for the provision of onshore engineering and both onshore and offshore construction services, has two optional one-year extensions and is worth £100m per annum.
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The contract represents an extension to, and continuation of, the current service contract which Petrofac holds for Apache's Forties platforms.
"We have worked closely with Apache to deliver a number of highly successful projects on the Forties field since we began work in 2009. As Petrofac develops its offshore capability we are delighted that Apache has extended our responsibilities to include engineering and construction work on the Beryl field and at the SAGE gas plant," said Bill Dunnett, the Managing Director for Petrofac Offshore Projects & Operations.
Shares were down 1.54% at 1,475p before the close on Friday.
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