The contract, which is for an initial three years with options to extend to five years, forms part of a Dana Petroleum strategy to create increased longer-term value through contractor consolidation in the modifications space.

The award will see PD&MS carry out a range of engineering modifications and execute offshore construction on Dana’s Triton and Western Isles FPSO assets in the North Sea.

Liam O’Neil, PD&MS chief operating officer, said: “This contract with Dana Petroleum underpins our leading market position. We look forward to working in partnership with the team at Dana to unlock maximum efficiencies through delivery of safe, predictable, and sustainable solutions.

“We have an extensive track record of delivering right-sized and innovative modification projects across the full asset lifecycle and combining this with our well-established decarbonisation expertise and experience means we are very well placed to deliver lower carbon and lower cost modifications to Dana over the term of the contract.”

Eiko van Dalen, chief operating officer at Dana Petroleum, added: “We are really pleased to award this contract to PD&MS. It represents an opportunity to build a new partnership together. Our aim is to offer clarity and commitment to our supply chain partners through a series of three-year contracts, all of which include options for extension. Taken together, they represent a £71 million commitment to the regional economy over the next three years.”