Petrofac Awarded Bab Gas Compression Project

RNS Number : 2322G

Petrofac Limited

04 June 2013

 



Press Release

4 June 2013

PETROFAC LIMITED

PETROFAC AWARDED BAB GAS COMPRESSION PROJECT

IN ABU DHABI

Petrofac is pleased to announce that Petrofac Emirates, its joint venture with Mubadala Petroleum, has been awarded a US$500 million onshore engineering, procurement and construction (EPC) contract by Abu Dhabi Company for Onshore Oil Operations (ADCO) for expansion of compression facilities at the Bab Field, 150 km south-west of Abu Dhabi city.

Petrofac Emirates will undertake modifications to three of the existing compressor stations and install a new fourth facility.  The scope of work also includes 27 well head facilities, associated gas pipelines, direct gathering manifold and modifications to remote manifold stations.  The project will be completed in a phased manner in approximately 30 months whereupon commissioning will commence. 

Subramanian Sarma, Managing Director of Petrofac's Onshore Engineering & Construction, business commented:  "Following an extremely competitive bidding field, I am delighted that we have been able to secure this project.  To extend our portfolio with ADCO, who are a very important customer for us, is particularly pleasing and continues to reinforce our position in the Middle East." 

Ends

For further information contact:

Tulchan Communications Group Ltd                                  [phone]

Stephen Malthouse

Martin Robinson

[e-mail]

Notes to Editors

Petrofac Emirates

Petrofac Emirates is the joint venture established in 2008 between Petrofac (49%) and Mubadala Petroleum (51%).  Mubadala Petroleum is owned by Mubadala Development Company, the Abu Dhabi state owned investment and development company. 

Petrofac

Petrofac is a leading international service provider to the oil and gas production and processing industry, with a diverse customer 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 customers' needs across the full life cycle of oil and gas assets.

With more than 18,000 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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