Re Contract
Petrofac Limited
06 January 2006
PETROFAC LIMITED
("Petrofac")
PETROFAC SECURES CONSTRUCTION MANAGEMENT CONTRACT FOR KASHAGAN ONSHORE
FACILITIES
Petrofac, the international oil and gas facilities service provider, has been
awarded a contract for the construction management of the onshore facilities of
the first phase of the Kashagan development, located at 40 km north east of
Atyrau, Kazakhstan.
The contract scope includes the main works contract (oil, gas and sulphur
processing units), power generation and utilities, tanks and offsite facilities,
industrial buildings, initial civil works and pipe rack erection contracts. The
client is Agip KC0 (acting on behalf of a consortium of international companies
including Eni, KazMunayGaz, ExxonMobil Kazakhstan Inc., Shell, Total,
ConocoPhillips and INPEX).
Ayman Asfari, Petrofac's Group Chief Executive, commented:
"We are proud of being awarded this prestigious contract for the construction
management responsibilities of such a high profile project. Petrofac is already
carrying out the engineering and procurement for the onshore oil, gas and
sulphur process units."
Ends
For further information, please contact:
Petrofac Limited +44 (0) 20 7471 3500
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
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 (E&C), Operations
Services (OS) 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.
Petrofac operates out of four strategically placed international centres in
Aberdeen, Scotland; Sharjah, UAE; Mumbai, India; and Woking, England, and has a
further 13 offices worldwide, with approximately 5,500 employees.
Petrofac's business is focused on the UK Continental Shelf (UKCS), the Middle
East, Africa and the Former Soviet Union (FSU). Through both organic growth and
strategic acquisition, Petrofac's engineering, procurement and construction
activities have been complemented with development planning and early stage
engineering services, facilities management and training services and
co-investment.
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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