Daily Newsletter

09 October 2024

Daily Newsletter

09 October 2024

Petrofac secures contract from Marathon Oil in Equatorial Guinea 

The contract involves support for both onshore and offshore facilities including the Alba Gas Plant and five offshore steel jacket facilities in the Alba Field.  

Shivam Mishra

Petrofac, a UK-based energy services provider, has expanded its presence in Africa by securing a new MSA with Marathon Oil for operations in Equatorial Guinea.  

This MSA will see Petrofac providing discipline engineering support and technical authority to ensure operational excellence and safety across key assets. 

Petrofac’s latest agreement with Marathon Oil builds on its existing relationship with the company, during which it has provided a range of services for Marathon Oil's North Sea assets.  

The MSA involves support for both onshore and offshore facilities including the Alba Gas Plant and five offshore steel jacket facilities in the Alba Field.  

Petrofac Asset Solutions managing director for Europe, Middle East and Africa Alex Macdonald said: “This award is testament to our growing reputation in the region as a safe and efficient service provider, delivering value for our clients. Africa is a key focus area for our business – we look forward to building our relationship with Marathon Oil, supporting its assets in Equatorial Guinea.” 

Petrofac said its asset solutions business is increasingly focusing on opportunities within Africa, where it already operates in multiple countries including Ivory Coast, Ghana, Senegal and Mauritania. 

The collaboration with Marathon Oil in Equatorial Guinea follows a contract from the National Oil Company of Equatorial Guinea, GEPetrol, valued at approximately $350m (£281.26m) over five years, for technical services in Block B.  

This contract includes a variety of services for onshore bases, a floating, production, storage and offloading unit, as well as a platform. 

In addition to the Equatorial Guinea contracts, Petrofac secured a $200m agreement with Turkmenistan's state-owned Turkemengas for the Galkynysh gas field in March this year.  

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