Petrofac Awarded Two Contracts at Jazan

RNS Number : 6988S

Petrofac Limited

04 December 2012

 



Press Release

4 December 2012

PETROFAC LIMITED

PETROFAC AWARDED TWO CONTRACTS AT JAZAN

Petrofac has been awarded two engineering, procurement and construction (EPC) packages for Saudi Aramco's Jazan Refinery and Terminal project.  When complete, the refinery will produce around 400,000 barrels of oil per day and have associated terminal facilities on the Red Sea near Jazan in the south west of the Kingdom of Saudi Arabia.

The combined value of the EPC contracts is around US$1.4 billion.  Petrofac's Saudi Arabia office will lead the project management delivery of the work scope which covers tank farms in the north and south areas of the development.  These are some of the first major awards made by Saudi Aramco under its In-Kingdom EPC programme and both packages are scheduled to be undertaken within three years.

Marwan Chedid, Chief Executive of Petrofac's Engineering, Construction, Operations & Maintenance (ECOM) division, commented:  "We are delighted to have secured these significant packages for Saudi Aramco on their Jazan Refinery and Terminal project.  This will serve to reinforce the relationships and experience we have developed through our recent involvement on the Karan project as well as our ongoing Petro Rabigh projects for Saudi Aramco and Sumitomo Chemical Co Ltd.  As this project progresses, we look forward to working closely with Saudi Aramco and our contractors to further deepen our engineering and project management capability in the Kingdom."

 

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For further information contact:

Tulchan Communications Group Ltd                                  [phone]

Stephen Malthouse

[e-mail] 

Notes to Editors

Petrofac

Petrofac is a leading international service provider 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). 

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 17,200 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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