Petrofac Limited Petrofac awarded US$1bn EPC project in Algeria (7879S)
13 Marzo 2019 - 4:01PM
UK Regulatory
TIDMPFC
RNS Number : 7879S
Petrofac Limited
13 March 2019
Press Release
13 March 2019
PETROFAC AWARDED US$1 BILLION EPC PROJECT IN ALGERIA
Petrofac has been awarded a contract worth around US$1 billion
with Groupment Isarene, the joint operating group set up by
Sonatrach, Petroceltic and Enel, for the Ain Tsila Development
Project in Algeria.
Located around 1,100 kilometres south-east of Algiers, the Ain
Tsila field will produce gas, LPG and Condensate for the local
Algerian market and for export. Under the terms of the 42-month
contract, the lump-sum engineering, procurement and construction
(EPC) project scope of work includes commissioning, start-up and
performance testing.
E S Sathyanarayanan, Group Managing Director, Engineering &
Construction, commented: "I am delighted we have the opportunity to
be working with the Groupement Isarene partners to deliver this
strategically important project.
"This award builds on Petrofac's significant track record in
Algeria where we have been operating successfully for more than 20
years, with a strong record for project execution and the
development of local capability. We are focused on delivering an
effective, safe solution that meets our high standards and
continues our commitment to the local energy sector."
Petrofac's EPC activities in Algeria include Sonatrach's
Tinrhert Field Development Project, along with the Alrar and
Reggane projects that commenced production last year.
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
+44 (0) 207 811 4913
Tulchan Communications Group
+44 (0) 207 353 4200
petrofac@tulchangroup.com
Martin Robinson
LEI 2138004624W8CKCSJ177
This announcement contains inside information which is disclosed
in accordance with the Market Abuse Regulation which came into
effect on 3 July 2016.
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 11,500 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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