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Petrofac awarded Shah Deniz 2 asset management contract by BP

29th July 2014

Petrofac has secured a contract with the BP-operated prestigious Shah Deniz 2 project to provide maintenance build capabilities

Petrofac awarded Shah Deniz 2 asset management contract by BP
This award is the latest in a long line of work Plant Asset Management has undertaken for BP including Clair Ridge, Andrew Area Development, ISG and the Chirag Oil Project

The contract, valued at around USD 8.5bn, covers new onshore, offshore and pipeline assets in the Azerbaijan sector of the Caspian Sea for what is one of the largest gas developments in the world.

Plant Asset Management, the asset performance management consulting business of Petrofac, will be responsible for the delivery of this work.

“We are thrilled to be supporting BP with one of their most ambitious projects and for the further opportunity to highlight the skills of our high calibre consultants, engineers, developers and analysts," said Steve Johnson, vice president of Plant Asset Management.

Due for completion in 2018, this is part of a long-term project that will see Shah Deniz 2 add a further 16 billion cubic metres (bcma) per annum of gas production to the current 9 bcma produced by Shah Deniz Stage 1, through the opening of a new Southern Gas Corridor to Europe.

This award is the latest in a long line of work Plant Asset Management has undertaken for BP including Clair Ridge, Andrew Area Development, ISG and the Chirag Oil Project, which led to the signing of a master service agreement before this project.

It will combine their many years of consultancy expertise with their BuildMETM software platform to complete a full spectrum of services in delivering this project. These services will include the development of reliability and maintenance strategies, validation of the master equipment list, creation of a maintenance assignment and the development of computerised maintenance management systems (CMMS) data.

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