Petrofac Limited Petrofac secures US$130 million in PDO awards (3737Y)
31 Dicembre 2019 - 9:06AM
UK Regulatory
TIDMPFC
RNS Number : 3737Y
Petrofac Limited
31 December 2019
Press Release
31 December 2019
PETROFAC SECURES US$130 MILLION IN PDO AWARDS
Petrofac announces today a new contract and the award of an
additional scope of work with Petroleum Development Oman (PDO),
with a combined value of approximately US$130 million.
The new contract award, under a 10-year Framework Agreement
signed in 2017 with PDO, is an Engineering, Procurement and
Construction Management (EPCM) services contract for the Mabrouk
North East Development Project in Oman.
The full field development of Mabrouk North East field is
planned to be executed in a phased approach. The 34-month project
scope awarded involves the development of 16 gas producing wells
and export of the production to the Saih Rawl Central Processing
Plant. The project will be integrated with the Mabrouk North East
Line Pipe Procurement Project, which was awarded to Petrofac in
June 2019.
The other scope of work awarded is to provide further services
for PDO's Yibal Khuff Project. This 20-month contract includes
detailed Engineering, Procurement, and support for Construction and
Commissioning of nine additional wells to improve overall plant
production, and laying of gas pipeline from Yibal "A" to the main
processing facility.
The Yibal Khuff Project, originally awarded to Petrofac in June
2015, is already in an advanced phase of construction and
pre-commissioning, and the delivery of additional wells is to be
synchronised for overall readiness.
Elie Lahoud, Group Managing Director, Engineering &
Construction said: "This latest project award under the long-term
framework agreement with PDO for Mabrouk North East, and additional
scope of work for the Yibal Khuff Project, both further underpin
our significant track record and commitment to delivering value in
Oman. Our focus will remain on safe operations and maximising
in-country value through the continued development of local
workforce competence and strong supply chain partnerships."
Ends
For further information, contact:
Petrofac Limited
+44 (0) 207 811 4900
Jonathan Low, Head of Investor Relations
jonathan.low@petrofac.com
Alison Flynn, Group Head of Communications
alison.flynn@petrofac.com
Jonathan Dyke, Regional Head of Communications (East)
jonathan.dyke@petrofac.com
+971 (0) 6 574 0999
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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