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CB&I to Continue Management of EnQuest's Kittiwake Asset in UK North Sea
CB&I's Asset Solutions business has secured a contract extension with EnQuest to manage the Kittiwake asset in the UK North Sea through to the end of production. The contract involves ongoing duties as Duty Holder.
AS1 NewsSource: prnewswire.com
CB&I's Asset Solutions division, formerly part of Petrofac, has been awarded a further contract by EnQuest to continue managing the Kittiwake asset in the UK North Sea. The contract covers responsibilities as Duty Holder through to the cessation of production (COP). This extension signifies continued operational support for the asset, which is a key part of EnQuest's portfolio. The financial terms of the contract were not disclosed, but the extension underscores CB&I's ongoing role in offshore asset management. The Kittiwake platform is an important asset for EnQuest, and its management is critical to the company's production plans and operational stability. The contract extension is expected to support CB&I's revenue from offshore asset management services and reinforce its market position in the North Sea region.
The contract extension may positively impact CB&I's offshore services revenue and reinforce its market presence in the North Sea.