Petrofac Limited Petrofac secures US$120 million in EPS awards (9572T)
20 Novembre 2019 - 8:00AM
UK Regulatory
TIDMPFC
RNS Number : 9572T
Petrofac Limited
20 November 2019
PPress Release
20 November 2019
PETROFAC SECURES US$120 MILLION IN EPS AWARDS
Petrofac Limited ("Petrofac") announces today awards and
contract extensions with a combined value of more than US$120
million, delivering against the Group's strategy to position
Engineering & Production Services ("EPS") for growth by
diversifying into new markets and geographies.
The awards and contract extensions consist of the following:
-- EPS has secured its first small-scale Engineering,
Procurement, Construction (EPC) contract in Malaysia. In consortium
with partner Serba Dinamik, EPS has been awarded a contract by
Asean Bintulu Fertiliser (ABF) Sdn Bhd, one of Malaysia's largest
fertiliser plants, for its Third Boiler Project. The ABF plant
located in the central region of Sarawak, which started commercial
production in 1985, is a subsidiary of PETRONAS Chemicals Group
Berhad. The work scope for the 30-month project includes basic and
detailed engineering, procurement, construction and commissioning
of an additional package boiler (165 tonnes per hour) to improve
overall plant reliability and availability and meet total steam
demands of 510 tph.
-- EPS has also secured a new three-year Engineering,
Procurement, Construction and Commissioning (EPCC) Framework
Agreement (FA) with a North Sea operator. Future projects
undertaken through the FA will be supported by Petrofac's Aberdeen
office, where the company is actively growing its engineering team
and investing in its brownfield management system in support of its
digitalisation strategy.
-- The new brownfield projects awards coincide with key North
Sea contract extensions for EPS, including a two-year renewal of an
existing seven-asset Operations and Maintenance contract, and the
extension of EPS' existing Engineering Services contract with
Chevron North Sea to June 2020.
John Pearson, Chief Operating Officer, Engineering and
Production Services, said: "Continued diversification into new
markets, such as brownfield projects, and new geographies, such as
Malaysia, are key tenets of our growth strategy. We're also once
again delighted that clients in the North Sea have exercised the
option to extend our support for important Operations and
Maintenance and Engineering Services contracts."
ENDS
For further information contact:
Petrofac Limited
+44 (0) 207 811 4900
Jonathan Low, Head of Investor Relations
jonathan.low@petrofac.com
Aaron Clark, Investor Relations & Communications Manager
aaron.clark@petrofac.com
Sophie Reid, Regional Head of Marketing and Communications
(West)
sophie.reid@petrofac.com
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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