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