Petrofac Limited Petrofac awarded Oman gas project (6299T)
January 09 2017 - 1:00AM
UK Regulatory
TIDMPFC
RNS Number : 6299T
Petrofac Limited
09 January 2017
Press Release
09 January 2017
PETROFAC AWARDED OMAN GAS PROJECT
Petrofac has signed a contract worth close to US$600 million
with Salalah LPG SFZCO LLC (SLPG), wholly owned subsidiary of Oman
Oil Facilities Development Company LLC (OOFDC), to undertake the
engineering, procurement and construction (EPC) of its Salalah LPG
extraction project in the southern part of Oman.
Under the terms of the 36-month lump sum EPC contract, which
will be triggered when SLPG issue to Petrofac the Notice To Proceed
(NTP), Petrofac's scope of work will include construction of the
liquefied petroleum gas (LPG) unit and associated facilities,
including tie-ins to existing pipeline infrastructure, together
with LPG storage and jetty facilities at the Port of Salalah.
Marwan Chedid, Petrofac Group Chief Operating Officer,
commented: "This contract is our eleventh in the Sultanate and
reinforces our commitment to Oman where we have been present since
1988.
"This project will further support our commitment to increase
in-country value. We will continue to maintain strong focus on this
aspect of our delivery, particularly by engaging the local supply
chain and recruiting local resources. We are very much looking
forward to growing and strengthening our team working alongside
OOFDC to deliver this project."
Ends
This announcement contains inside information which is disclosed
in accordance with the Market Abuse Regulation which came into
effect on 3 July 2016. Petrofac received a non-binding letter
notifying intention to award the contract in December 2016 and the
current intention is to include this award in 2016 year-end
backlog.
For further information, contact:
Petrofac Limited +44 (0) 207 811 4900
Jonathan Low, Head of Investor Relations
Jonathan Edwards, Investor Relations Manager
Alison Flynn, Group Head of Communications +44 (0) 207 811 4913
Tulchan Communications Group LLP +44 (0) 207 353 4200
Martin Robinson
Stephen Malthouse
petrofac@tulchangroup.com
NOTES TO EDITORS
Petrofac
Petrofac is a leading international service provider 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).
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 clients' needs across the
full life cycle of oil and gas assets.
With approximately 14,000 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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