Petrofac Limited Contract (3391D)
18 Febbraio 2020 - 10:30AM
UK Regulatory
TIDMPFC
RNS Number : 3391D
Petrofac Limited
18 February 2020
Press Release
18 February 2020
PETROFAC AWARDED US$1.65 BILLION CONTRACTS FOR ABU DHABI MEGA
PROJECT
Petrofac Emirates has been awarded two contracts, together worth
around US$1.65 billion with Abu Dhabi National Oil Company (ADNOC)
in the United Arab Emirates.
The engineering, procurement (including novated long lead
items), construction, transportation, offshore installation and
commissioning contracts are for ADNOC's Dalma Gas Development
Project. The work scope encompasses offshore packages at Arzanah
island and surrounding offshore fields, located around 140 km off
the north-west coast of the Emirate of Abu Dhabi.
The first package, valued at US$1.065 billion, is for gas
processing facilities at Arzanah island. Under the terms of the
33-month lump-sum contract awarded to Petrofac, the scope of work
includes inlet facilities with gas processing and compression
units, power generation units, utilities and other associated
infrastructure.
For the second package, valued at US$591 million, Petrofac is
leading a Joint Venture with SapuraKencana HL Sdn. Bhd. Abu Dhabi.
Under the terms of the 30-month lump-sum contract, the scope of
work includes three new well-head platforms, removal and
replacement of an existing topside, new pipelines, subsea
umbilicals, composite and fibre optic cables.
The Dalma project is a key part of the Ghasha ultra-sour gas
concession which is central to ADNOC's strategic objective of
enabling gas self-sufficiency for the UAE.
George Salibi, Chief Operating Officer - Engineering &
Construction, commented: "Petrofac has a strong track record in the
UAE, with a presence here since 1991 and around 3,000 staff in
country. We are fully committed to supporting continued and
sustainable investment in Abu Dhabi's oil and gas industry through
our strategic focus on maximising local delivery, and are pleased
that our approach will generate substantial In-Country Value for
the local economy. These latest contract awards build on our
existing relationship with ADNOC Group companies and we look
forward to delivering this mega project in a safe, successful and
sustainable manner."
Established in the UAE in 1991, with operational centres in Abu
Dhabi and Sharjah, Petrofac has executed 11 major EPC projects
in-country to date. Recent projects include the Upper Zakum UZ750
project, Qusahwira Field Development Phase II, the Satah Al Razboot
(SARB) Package 3, the contract for expansion of compression
facilities at the Bab field and development of the Bab Habshan-1
project.
Ends
This announcement contains inside information which is disclosed
in accordance with the Market Abuse Regulation which came into
effect on 3 July 2016.
For further information contact:
Petrofac Limited
+44 (0) 207 811 4900
Jonathan Yarr, Head of Investor Relations
jonathan.yarr@petrofac.com
Aaron Clark, Investor Relations & Communications Manager
aaron.clark@petrofac.com
Alison Flynn, Group Head of Communications
alison.flynn@petrofac.com
+44 (0) 207 811 4913
Tulchan Communications Group
+44 (0) 207 353 4200
petrofac@tulchangroup.com
Martin Robinson
LEI 2138004624W8CKCSJ177
NOTES TO EDITORS
Petrofac
Petrofac is a leading international service provider to the oil
and gas production and processing industry, with a diverse client
portfolio including many of the world's leading integrated,
independent and national oil and gas companies. Petrofac is quoted
on the London Stock Exchange (symbol: PFC).
Petrofac designs and builds oil and gas facilities; operates,
maintains and manages facilities and trains personnel; enhances
production; and, where it can leverage its service capability,
develops and co-invests in upstream and infrastructure projects.
Petrofac's range of services meets its clients' needs across the
full life cycle of oil and gas assets.
With around 11,250 employees, Petrofac operates out of seven
strategically located operational centres, in Aberdeen, Sharjah,
Abu Dhabi, Woking, Chennai, Mumbai and Kuala Lumpur and has a
further 24 offices worldwide.
For additional information, please refer to the Petrofac website
at www.petrofac.com
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END
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