Petrofac extended its relationship with Mubadala Petroleum through the award of new and modified contracts relating to the FPF-003 FPSO located in the Jasmine/Ban Yen Field in the Gulf of Thailand.
The parties signed a new life-of-field agreement for the provision of operations and maintenance, which could run until 2023. Under the contract terms, Petrofac will deliver an optimized scope designed to reduce Jasmine’s operating costs and to create operational efficiencies that will support mature field development.
Mubadala and PetroFirst Infrastructure Ltd. signed an extension to the associated charter lease for the vessel’s bareboat charter.
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