Oil giant Petrofac has agreed a strategic deal with Bowleven for the development of the Etinde Permit, offshore Cameroon
The new agreement paves the way for Petrofac to leverage its wide capabilities to support Bowleven’s planned development and builds on the company’s presence in
"Creating this strategic alliance at an early stage of the project offers Petrofac the opportunity to provide integrated services covering, onshore and offshore facilities development, drilling services and training and operations, alongside the deployment of capital,” said Andy Inglis, CEO of Petrofac Integrated Energy Services.
Petrofac will provide engineering services to Euroil, Bowleven’s Cameroonian subsidiary, to support the proposed first phase of the development.
Bowleven CEO Kevin Hart commented, "This complementary union provides Bowleven with potential access to both investment capital and, just as importantly, Petrofac's extensive development experience. Petrofac's excellent track record of service provision, including training, will augment significantly Euroil's strong local presence and capability."
