BiFab on verge of major oil contract

BiFab - on the verge of a major contract.
BiFab - on the verge of a major contract.

BURNTISLAND Fabricators’ (BiFab) Methil yard is on the brink of landing a large new contract for work in the North Sea.

It could be poised to build components for Premier Oil in the Solan field, located on the UK continental shelf west of Shetland.

While official confirmation is still awaited, BiFab is on course to construct a jacket and topside for part of the operation, which involves several other companies.

The Mail understands the work could last around 18 months to two years and, if assured, will be hailed as excellent local news.

Premier Oil hopes its field will produce around 40 million barrels of oil, with an estimated initial production rate of 24,000 barrels a day, beginning in late 2014.

The project will entail the drilling of four sub-sea wells tied back to a processing deck, supported by a jacket, with the drilling likely to start in the second quarter of 2013.

Premier Oil said last week: “It is expected that the packages for the procurement and fabrication of the topsides and jacket will be awarded shortly to Burntisland Fabricators.”

Bosses at Methil preferred not to comment until confirmation of the contract was delivered.