Petrofac consortium wins Thailand refinery project

RNS Number : 6492E

Petrofac Limited

19 October 2018

 

Press Release

19 October 2018

PETROFAC/SAIPEM/SAMSUNG CONSORTIUM AWARDED REFINERY PROJECT IN THAILAND

Petrofac, the international oil and gas services provider, leading a consortium with Saipem S.p.A. (Saipem) and Samsung Engineering Co Ltd (Samsung), has received an award notification for Thai Oil Public Company Limited's (Thai Oil) Clean Fuels Project on the East coast of Thailand.

The overall project value is around US$4 billion, of which Petrofac's share is around US$1.4 billion, and will be completed over a period of approximately four years. The project will transform the existing oil refinery in Sriracha, Chonburi, into an environmentally-friendly facility, which will produce higher quality transportation fuels. The project will also increase the refinery's production capacity from 275,000 barrels per day to 400,000 barrels per day.

The scope of work encompasses engineering, procurement, construction and commissioning services. The contract includes improvements and expansion at the existing facility as well as the addition of new complex processing units, all required utilities and supporting facilities.

Sunder Kalyanam, Group Managing Director for Petrofac's Engineering & Construction Growth business said: "We are delighted to have secured this contract and to be leading the consortium on delivery of an important project that will enhance the country's long-term energy stability and economic development, and boost its output of high quality clean fuels. We look forward to the safe and efficient delivery of this project for Thai Oil."

Petrofac has had a presence in Thailand since 2011 and has a contract until 2023 to provide operations and maintenance services for the FPF-003 floating production, storage and offloading (FPSO) vessel on behalf of field owner Mubadala Petroleum on the Jasmine Field in the Gulf of Thailand.

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For further information contact:

Petrofac Limited      

[phone]

Jonathan Low, Head of Investor Relations

[e-mail]

Alison Flynn, Group Head of Communications

[e-mail] 

[phone]

Tulchan Communications Group

[phone]

[e-mail]

Martin Robinson

LEI 2138004624W8CKCSJ177

NOTES TO EDITORS

Petrofac

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

With around 12,750 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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