Re Contract

Petrofac Limited 15 November 2006 PETROFAC LIMITED ("PETROFAC") HASDRUBAL GAS PLANT CONTRACT AWARD IN TUNISIA Petrofac, the international oil & gas facilities service provider, has been awarded a US$400 million lump sum turnkey contract by BG Tunisia Limited (BGT) and Entreprise Tunisienne D'Activites Petrolieres (ETAP), the Tunisian state-owned oil and gas exploration and production company, to build the new Hasdrubal onshore gas processing facility and the liquefied petroleum gas (LPG) production facility. The facility will be located on the Tunisian coast between La Skhira and Sfax in Tunisia and is scheduled for completion in 2009. The project scope covers project management, detailed design, procurement, construction, pre-commissioning, commissioning, start-up and performance testing of the new gas plant. Petrofac will be utilising the capabilities and expertise of Pireco, a local construction and fabrication company, as its main construction sub-contractor for the project. Commenting on the award, Maroun Semaan, Chief Executive, Petrofac Engineering and Construction said: "We are delighted to win the Hasdrubal project for BGT and ETAP which will be an important project for our core gas plant business." Ayman Asfari, Group Chief Executive, Petrofac Limited, added: "This is an important award for Petrofac. It both reinforces the growing business relationship we have with BG and it will provide our E&C division with its first major project in Tunisia." Ends For further information, contact: Petrofac Limited +44 (0) 20 7811 4900 Ayman Asfari, Group Chief Executive Keith Roberts, Chief Financial Officer Robin Caiger, Head of Investor Relations Bell Pottinger Corporate & Financial +44 (0) 20 7861 3232 Ann-marie Wilkinson Geoff Callow Notes to Editors Project Technical Information BGT is the largest producer of gas in Tunisia, supplying more than 50% of domestic gas demand from its 100% owned Miskar field in the Gulf of Gabes about 110km east of Sfax. The Hasdrubal project is intended to increase production levels of domestic gas and, ETAP has elected to participate in the development of the field at 50%. The Hasdrubal field is located in Tunisian waters at a depth of 62 metres, approximately 100km from the coast in the Gulf of Gabes. It contains a rich gas, condensate and associated oil rim within the nummulitic carbonate El Garia reservoir horizon. The Hasdrubal onshore gas plant will be a gas conditioning train encompassing gas separation, mercury removal, gas dehydration using molecular sieve, H2S/CO2 removal, export gas compression, condensate stabilisation, condensate storage and export systems, recycle gas compression, produced water removal, treatment and storage, cold flare system, HP flare and relief system, hot oil systems, dedicated power generation/distribution, and all associated tie-ins with the existing Hannibal plant. The LPG plant will include LPG extraction, using proprietary turbo-expander technology for dew pointing and LPG storage and export systems. 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. This information is provided by RNS The company news service from the London Stock Exchange
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