Petrofac Awarded £40m Contrac

RNS Number : 0685W

Petrofac Limited

12 November 2010

 



Press Release

12 November 2010

PETROFAC LIMITED

PETROFAC AWARDED £40 MILLION NORTH SEA ENGINEERING SERVICES CONTRACT BY MAERSK OIL

Petrofac, the international oil & gas facilities service provider, has been awarded a contract worth £40 million over three years for the provision of engineering services to the UK Continental Shelf assets of Maersk Oil North Sea UK Ltd (Maersk Oil). Work will begin immediately on the contract, which was awarded following a competitive tender and includes three one-year options for extension. 

Petrofac, through its Offshore Engineering & Operations (OE&O) business unit, will provide engineering services to Maersk Oil's Gryphon, Janice, and Global Producer III assets, including concept, front end engineering, detail design, workpack development, procurement and document control. This contract extends both Petrofac's working relationship with Maersk Oil and its scope of services for these assets, building upon the offshore operations and support services it has been providing since 2000.

Bill Dunnett, managing director of Petrofac OE&O, said: "I'm delighted to announce a further significant contract award for the OE&O business. This is yet another important step in our growth plan and reflects the leading capabilities of our engineering team as well as our continued commitment to our existing customer base. The contract builds on our longstanding and successful relationship with Maersk Oil and is an excellent example of how Petrofac can deliver a full range of services across the asset lifecycle."

Ends

For further information contact:

Tulchan Communications Group Ltd                                  [phone]

James Bradley

David Allchurch

[e-mail]

Notes to Editors

Petrofac

Petrofac is a leading international provider of facilities solutions to the oil & gas production and processing industry, with a diverse customer portfolio including many of the world's leading integrated, independent and national oil & gas companies. Petrofac is quoted on the London Stock Exchange (symbol: PFC) and is a constituent of the FTSE 100 Index.  

The group delivers services through seven business units: Engineering & Construction, Engineering & Construction Ventures, Engineering Services, Offshore Engineering & Operations, Training Services, Production Solutions and Energy Developments.

Through these businesses Petrofac designs and builds oil & 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 customers' needs across the full life cycle of oil & gas assets.

With around 12,500 employees, Petrofac operates out of six strategically located operational centres, in Aberdeen, Sharjah, Woking, Chennai, Mumbai and Abu Dhabi and a further 19 offices worldwide. The predominant focus of Petrofac's business is on the UK Continental Shelf (UKCS), the Middle East and Africa, the Commonwealth of Independent States (CIS) and the Asia Pacific region.

For additional information, please refer to the Petrofac website at www.petrofac.com.

 

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