Petrofac awarded Khazzan CPF project in Oman

RNS Number : 5169A

Petrofac Limited

20 February 2014

 



Press Release

20 February 2014

PETROFAC AWARDED KHAZZAN CPF PROJECT IN SULTANATE OF OMAN

Petrofac, the international oil and gas services provider, has been awarded a contract by BP, worth approximately US$1.2 billion, for the central processing facility (CPF) for the Khazzan gas project in the Sultanate.  This has been awarded on a convertible lump sum basis and will convert to a full lump sum contract at a pre-determined point during execution.  

The scope of work will include engineering, procurement and construction (EPC) of the central processing facility (CPF) at the Khazzan field.  The CPF will include two process trains, each having a capacity of 525 million standard cubic feet of gas per day.  The project also includes an associated condensate processing system, power generation plant, water treatment system and all associated utilities and infrastructure.  The project is expected to be completed in 2017.

Subramanian Sarma, Managing Director of Petrofac's Onshore Engineering & Construction business, commented:  "Petrofac has executed a large number of projects for BP across many aspects of our business and we are delighted to be supporting them on this pioneering project at Khazzan, the largest new upstream project in Oman.  We have a very strong record for project execution in Oman with this project representing Petrofac's eighth EPC contract in the Sultanate and follows the recent award of the US$2.1 billion Sohar refinery improvement project which was announced in November.  Furthermore, consistent with our commitment to developing Omani in-country value whilst also providing opportunity for local content wherever we work, we will also seek to do so for the duration of this contract via the supply chain and recruitment of local resources."

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For further information contact:

Alison Flynn                                                                       [phone]

Head of Media Relations

Petrofac

[e-mail]

Petrofac Investor Relations                                                 [phone]

Jonathan Low

Jonathan Edwards    

[e-mail]

Tulchan Communications Group Ltd                                     [phone]

Stephen Malthouse

Martin Robinson

[e-mail]                                                          

Notes to Editors

Petrofac

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

With more than 18,000 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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