Petrofac Limited Petrofac awarded US$600 million project in Algeria (0985Z)
August 29 2018 - 1:01AM
UK Regulatory
TIDMPFC
RNS Number : 0985Z
Petrofac Limited
29 August 2018
Press Release
29 August 2018
PETROFAC AWARDED US$600 MILLION PROJECT IN ALGERIA
Petrofac has received a provisional letter of award for an
engineering, procurement and construction (EPC) contract worth
US$600 million with Sonatrach for EPC1 of the Tinhert Field
Development Project in Algeria. Formal contract signing is expected
to take place in September 2018.
Located in Ohanet, around 1,500 kilometres southeast of Algiers,
EPC1 will provide a new inlet separation and compression centre.
Under the terms of the 36-month contract, the scope of work
includes a pipeline network of approximately 400 km to connect 36
wells, along with commissioning, start-up and performance testing
of facilities.
E S Sathyanarayanan, Group Managing Director, Engineering &
Construction, commented: "This award builds on Petrofac's
significant track record in Algeria where we have been working in
support of the country's oil and gas production for more than two
decades.
"We have continued to grow our presence in-country through a
number of major EPC and engineering services contracts with
Sonatrach, including the Alrar and Reggane projects that commenced
production this year, and look forward to deploying our expertise
to deliver this project with operational excellence and safe
project execution at the core of our approach."
Ends
For further information, contact:
Petrofac Limited
+44 (0) 207 811 4900
Jonathan Low, Head of Investor Relations
jonathan.low@petrofac.com
Alison Flynn, Group Head of Communications
alison.flynn@petrofac.com
+44 (0) 207 811 4913
Tulchan Communications Group
+44 (0) 207 353 4200
petrofac@tulchangroup.com
Martin Robinson
LEI 2138004624W8CKCSJ177
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 around 12,500 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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END
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