Petrofac and Danos to Team Up

Petrofac and Danos, a US-based oilfield services provider, have signed a memorandum of understanding (MoU).

The MoU is structured to progress discussions towards the formation a joint venture (JV) Agreement for the pursuit of opportunities to deliver services across the oil and gas asset life cycle, with a focus on supporting operations and asset management solutions.

The two organisations are seeking to combine their collective strengths in a JV to provide a differentiated service offering to hydrocarbon resource holders. These service capabilities would be deployed to support operations across all phases of the asset life cycle including late life and decommissioning.

To remind, Danos has recently been awarded a contract by Shell Exploration and Production Company, a subsidiary of Royal Dutch Shell, to provide mechanical and automation maintenance services for three of its production hubs and associated subsea infrastructure located in the Gulf of Mexico.

Dave Blackburn, senior vice president, Petrofac Engineering and Production Services, said: “The ‘lower for longer’ operating environment requires a different approach to be taken and we see this as an ideal time for our two companies to come together in this alliance. As many companies are forced to consider how to reduce operating and lifting costs, or improve efficiencies, the blend of our capabilities, from skilled, competent local people through to fully holistic asset-led solutions provides us with a clear platform from which we can respond.”

Paul Danos, executive vice president, Danos said: “At Danos, part of our purpose is to ‘solve big challenges for our customers’. We see a clear need for new and creative solutions to address the developing challenges brought on by the current market realities. I am excited about the strong capabilities that this alliance creates to offer relevant solutions to our customers.”

Share this article

Follow Subsea World News

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

OTC ASIA 2020

The Offshore Technology Conference Asia (OTC Asia) is where energy professionals meet to exchange…

read more >

6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

More info

read more >

Underwater Intervention (UI) 2020

Underwater Intervention Conference is a conference where oil and gas industry professionals, senior decision…

read more >

Subsea Expo 2020

Subsea Expo is the world’s largest subsea exhibition and conference and is completely free to attend.

read more >