Dana Petroleum has successfully renewed its multi-year integrity services contract with industrial data and engineering consultancy Imrandd. This seven-figure extension, which spans two years until 2027, underscores the continued trust and cooperation between the two entities, building upon their successful partnership initiated in 2016.
The renewed contract encompasses a range of critical services, including integrity management, risk-based inspection (RBI) services, and advanced data analytics, all of which are pivotal in supporting the operations of Dana Petroleum's floating production storage and offloading (FPSO) vessel, the Triton FPSO, in the North Sea. This FPSO manages output from several fields, such as Evelyn, Bittern, Guillemot West and Guillemot Northwest, Gannet E, Clapham, Pict and Saxon fields.
According to Innes Auchterlonie, CEO of Imrandd: "We are incredibly proud to extend our valued partnership with Dana Petroleum. This renewal is a testament to the confidence Dana places in Imrandd's ability to deliver innovative, results-driven integrity solutions."
The partnership leverages Imrandd's advanced technologies to enhance data analytics and drive performance improvements on the Triton FPSO. This strategic approach focuses on refining inspection and maintenance strategies to prioritize high-risk areas, ensuring safety while optimising efficiency and delivering measurable cost savings.
Given the recent operational setbacks experienced by Serica Energy due to issues with the Triton FPSO, this renewed contract is particularly significant. Production had been suspended following the identification of an issue with one of the compressor seals, leading to a revised production outlook for 2024. However, with repairs completed and production resumed since December 27, 2024, the partnership between Dana Petroleum and Imrandd is poised to play a crucial role in maintaining operational resilience and enhancing production reliability on the Triton FPSO.
"Production in the second half of 2024 was clearly disappointing and well below the potential of our asset base," noted Chris Cox, Serica Energy's CEO, reflecting on the operational vulnerabilities and the need for improvements in planning and procedures.
This renewed contract not only secures work for 14 engineers but also underscores the commitment of Imrandd to deliver unbiased and differentiated services that set the company apart in the industry. With its technology portfolio, including proprietary software ALERT for monitoring corrosion threats, Imrandd is well-positioned to support Dana Petroleum in achieving long-term operational excellence.
Contract Extension Details and Operational Impact
In a significant move for North Sea operations, Dana Petroleum has renewed its integrity services contract with Imrandd, extending their partnership for an additional two years through 2027. The seven-figure contract will continue to support the Triton FPSO, which manages output from several North Sea fields, including Evelyn, Bittern, Guillemot West and Northwest, Gannet E, Clapham, Pict, and Saxon.
This renewal builds on a successful partnership that began in 2016, securing work for seven engineers who'll deliver integrity management and risk-based inspection services. The Western Isles FPSO, located 160km east of Shetlands, represents another key asset under this contract's scope. Imrandd's team will leverage advanced technologies, including their proprietary software solutions ALERT and EXACT, to monitor corrosion threats and analyze integrity data in near real-time.
The collaboration aims to optimize inspection and maintenance strategies through advanced data analytics, helping Dana Petroleum achieve long-term operational excellence. This targeted approach is expected to deliver measurable cost savings while maintaining high safety standards across their North Sea operations.
According to Imrandd CEO Innes Auchterlonie, "I'm extremely proud of our team and delighted to extend the relationship with our much-valued customer, Dana Petroleum. This award demonstrates a continued confidence in Imrandd's ability to provide cutting-edge integrity management solutions that maximise operational efficiencies and reduce costs".
The contract renewal underscores both companies' dedication to high ethical standards and good corporate governance, ensuring the partnership remains a cornerstone of Dana Petroleum's asset management strategy.
Additionally, the effective management of the Triton FPSO, which is the infrastructure and export hub for the Triton Area Fields, is critical to the continued production and operational efficiency in the North Sea.
The FPSO was installed in 2000 as part of the combined development of the Bittern, Guillemot West, and Guillemot Northwest fields. With ongoing updates and life extension work programs, the Triton FPSO is expected to operate up to and beyond 2030.