Petrofac Awarded Onshore EPC Contract in Abu Dhabi

RNS Number : 2325G

Petrofac Limited

04 June 2013

 



Press Release

4 June 2013

PETROFAC LIMITED

PETROFAC AWARDED ONSHORE EPC CONTRACT IN ABU DHABI

Petrofac is pleased to announce that Petrofac Emirates, its joint venture with Mubadala Petroleum, has been awarded an onshore engineering, procurement and construction (EPC) contract by Abu Dhabi Company for Onshore Oil Operations (ADCO) for the development of the Bab Habshan-1 project.  The contract was awarded following a competitive tender and is valued at US$187 million.

The project has an anticipated duration of 20 months and includes the provision of water injection clusters, oil production wells, water injection wells, associated electrical and instrumentation facilities, pipelines (headers and flow lines), overhead power transmission lines and modifications at remote degassing stations.

Subramanian Sarma, Managing Director of Petrofac's Onshore Engineering & Construction business, commented:  "This project builds on the work that we are engaged in for ADCO on the large Asab development, and further deepens our relationship with an important customer.  The award follows a competitive tender process and underlines the ongoing strength of Petrofac's competitive position in the Middle East."

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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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