Re Contract

Petrofac Limited
14 November 2006


                                PETROFAC LIMITED

                                  ("PETROFAC")

                   PETROFAC WINS GAS PLANT CONTRACT IN EGYPT

Petrofac, the international oil & gas facilities service provider, has been
awarded a US$200 million lump sum engineering, procurement and construction
(EPC) contract by Khalda Petroleum Company (KPC) to build a new gas processing
facility at Salam area in Egypt. KPC is a joint venture company between Apache
Corporation and Egyptian General Petroleum Corporation (EGPC).

The project, scheduled for completion before the end of 2008, will also be
utilising the capabilities and expertise of local construction and fabrication
company, Petrojet. The project scope covers execution of project management,
detailed design, procurement, construction, pre-commissioning, commissioning,
start-up, performance testing and initial operations. KPC is adding this third
gas processing train (SGT3) to its existing gas facilities in the Salam area to
process the gas produced from its new discoveries.

Commenting on the award, Maroun Semaan, Chief Executive, Petrofac Engineering &
Construction said: "We are delighted to re-enter the Egyptian market. This is a
major development for our core gas plant business and this will be our eighth
gas processing plant project undertaken in the last ten years. We are very much
looking forward to providing our expertise to this important new customer,
Khalda Petroleum Company."

                                      Ends

For further information, contact:

Petrofac Limited                                            [phone]
Ayman Asfari, Group Chief Executive
Keith Roberts, Chief Financial Officer
Robin Caiger, Head of Investor Relations


Bell Pottinger Corporate & Financial                        [phone]
Ann-marie Wilkinson
Geoff Callow



Notes to Editors

Khalda

Khalda's joint venture partner, Apache Corporation, is one of the largest
independent oil and gas exploration development companies. Egypt is a rapidly
growing segment of Apache's international portfolio with rising production and
reserves and an extensive exploration programme that resulted in the largest
discovery in Apache's history at Qasr in the Khalda Concession during 2005.

Project Technical Information

SGT3 will be a gas conditioning train encompassing gas separation, mercury
removal, gas dehydration, TEG regeneration, gas dew-pointing, CO2 removal, gas
export compression, condensate stabilisation, condensate storage and export
system, recycle gas compression, flare system, hot oil system, power generation/
distribution and all associated tie-ins with the existing plant.

Petrofac

Petrofac is a leading international provider of facilities solutions 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)
and is a constituent of the FTSE 250 Index.

Through its three divisions, Engineering & Construction, Operations Services and
Resources, Petrofac designs and builds oil and gas facilities; operates,
maintains or manages facilities and trains personnel; and, where return criteria
are met and service revenue synergies identified, co-invests with clients and
partners. Petrofac's range of services allows it to help meet its clients' needs
across the life cycle of oil and gas assets.

With approximately 8,000 employees, Petrofac operates out of four strategically
located international centres, in Aberdeen, Sharjah, Woking and Mumbai and a
further 13 offices worldwide.  The predominant focus of Petrofac's business is
on the UK Continental Shelf (UKCS), Africa, the Middle East, the Commonwealth of
Independent States (CIS) and the Far East.

For additional information, please refer to the Petrofac website at
www.petrofac.com.




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