Petrofac Awarded Water Inject

RNS Number : 7054Q

Petrofac Limited

09 August 2010

 



Press Release

9 August 2010

PETROFAC LIMITED

PETROFAC AWARDED WATER INJECTION PROJECT WITH KUWAIT OIL COMPANY

Petrofac, the international oil & gas facilities service provider, announces that it has been awarded a KD123 million (approximately US$430 million) contract by Kuwait Oil Company (KOC) for the engineering, procurement and construction of effluent water and central sea water injection facilities.

The project involves the installation of a new central injection pumping facility and modifications to three of the existing gathering centres and seawater treatment plant.  When completed, both effluent water and sea water will be fed into a central injection pumping facility and injected into the wells with the objective of increasing the oil recovery capacity in the Raudhatain and Sabriyah fields.

The competitively tendered project is scheduled to commence shortly and estimated for completion within 36 months.

Commenting on the award, Maroun Semaan, Petrofac's group chief operating officer said:  "We are delighted to have secured two contracts with KOC in two weeks. KOC is an important customer for Petrofac, and the water injection project announced today, together with the pipeline contract awarded at the end of July, enables us to extend our operations in Kuwait and further consolidates our competitive position in the Middle East."

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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 12,000 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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