Petrofac Limited
15 January 2007
PETROFAC LIMITED
PETROFAC SECURES ADDITIONAL KARACHAGANAK AWARD
Petrofac, the international oil & gas facilities service provider, has secured
the contract for the detailed engineering, procurement, construction management
and commissioning support for the Karachaganak 4th stabilisation and sweetening
train. This award follows Petrofac's successful completion of the FEED study for
the development. The contract, which is scheduled for completion in mid 2009,
will be executed on a part lump sum and part reimbursable basis.
The addition of a fourth oil processing train will increase significantly the
capacity of the existing Karachaganak Processing Complex (KPC) facilities.
Petrofac will be working alongside Karachaganak Petroleum Operating BV (KPO) and
its partners and with NIPI Caspian Engineering and Research (CER), based in
Kazakhstan. Petrofac and CER will use a jointly developed engineering capability
to increase long term Kazakh development and Kazakh content.
Commenting on the award, Maroun Semaan, Chief Executive, Petrofac Engineering &
Construction, said, "Kazakhstan and the Caspian region are of strategic
importance to Petrofac. With the successful completion of the FEED study, this
award reinforces further our position in and commitment to the substantial
capital investment programmes that are underway and being planned in the
region."
Ends
For further information, contact:
Petrofac Limited +44 (0) 20 7811 4900
Ayman Asfari, Group Chief Executive
Keith Roberts, Chief Financial Officer
Robin Caiger, Head of Investor Relations
Bell Pottinger Corporate & Financial +44 (0) 20 7861 3232
Ann-marie Wilkinson
Geoff Callow
Notes to Editors
Petrofac
Petrofac is a leading international provider of facilities solutions 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)
and is a constituent of the FTSE 250 Index.
Through its three divisions, Engineering & Construction, Operations Services and
Resources, Petrofac designs and builds oil and gas facilities; operates,
maintains or manages facilities and trains personnel; and, where return criteria
are met and service revenue synergies identified, co-invests with clients and
partners. Petrofac's range of services allows it to help meet its clients' needs
across the life cycle of oil and gas assets.
With approximately 8,000 employees, Petrofac operates out of four strategically
located international centres, in Aberdeen, Sharjah, Woking and Mumbai and a
further 13 offices worldwide. The predominant focus of Petrofac's business is
on the UK Continental Shelf (UKCS), Africa, the Middle East, the Commonwealth of
Independent States (CIS) and the Asia Pacific region.
For additional information, please refer to the Petrofac website at
www.petrofac.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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