THREE60 Energy Group | May 17th, 2021
We have been awarded a multi-million pound contract for the provision of Duty Holder O&M services to the FPSO Intrepid, currently producing from the Galoc Field, located offshore Palawan Island in the Philippines.
Under the terms of the life of field contract, THREE60 Energy will carry out operations and maintenance (O&M) duties on behalf of the Galoc Joint Venture (JV), with the objective of improving performance and extending the field’s economic life.
As well as providing ongoing O&M services, our team will also support integrity, engineering, procurement, construction and decommissioning activities for the project, which marks the first Duty Holder O&M services award for THREE60 Energy outwith the UK North Sea.
The award will lead to the creation of 15 jobs across the UK, Phillipines and Malaysia, all part of THREE60 Energy’s plans to add 50 new staff members to its team globally over the next 12 months, in response to growing demand for its services.
Walter Thain, CEO of THREE60 Energy, said: “To have been selected to operate and maintain the FPSO Intrepid, our first international Duty Holder O&M services award, is a really important strategic milestone for the business.
“As well as providing important recognition of our growing reputation for, and competence in, the provision of O&M services, it also highlights the increasing demand we are seeing for our wider late life asset management capabilities, leadership experience and passion for differentiated, safe delivery – both for ongoing operations and future decommissioning activities. We are looking forward to partnering with the Galoc JV to deliver safe and efficient outcomes within the international market.”
This award follows a multi-million pound contract from Norwegian operator, DNO, for the provision of duty holder services for two assets in the UKCS.