Press
Release
8 MARCH
2024
PETROFAC EXTENDS
TURKMENGAS RELATIONSHIP WITH GALKYNYSH GAS FIELD OPERATIONS SUPPORT
CONTRACT
Petrofac, a leading provider of
services to the global energy industry, has been awarded an
operations contract from Turkemengas at the Galkynysh Gas Field, in
Turkmenistan.
The three-year contract, valued at
over US$200 million includes: provision of personnel to supervise
and support operations and maintenance activity; the provision of
technical support and procurement services; and the development and
implementation of management systems to support efficient
operations of the Galkynysh Gas Field Central Processing Facilities
1 and 1A. No performance guarantees are required to be posted in
relation to this contract.
Delivery of the Galkynysh Gas Field
project, for state-owned Turkemengas, was one of the largest engineering,
procurement, construction and commissioning (EPC) projects
delivered by Petrofac’s Engineering & Construction business
unit. The contract to develop the world’s second largest gas field
was awarded in 2009, and completed in 2013.
Located near Yoloten (Mary Province,
Turkmenistan), the facilities Petrofac will now support,
have an equal capacity of 10 BCMA which delivers 20 BCMA to the
export pipeline. The gas field ensures revenue for
Turkmenistan’s economy, as well as domestic energy supply.
Chief Operating Officer of
Petrofac’s Asset Solutions business, Nick Shorten said:
“Petrofac has a proud history of
working with Turkemengas. The expansion of our relationship is
testament to our track record of delivering value to customers’
operations. Securing this contract further
demonstrates our strategy to expand Asset Solutions’ geographic
reach.
“We look forward to continued
collaboration with Turkemengas, enhancing safe and reliable
operations.”
ENDS
For further
information contact:
Petrofac:
James Boothroyd, Head of Investor
Relations
James.boothroyd@petrofac.com
Sophie Reid, Group Head of
Communications
Sophie.reid@petrofac.com
Teneo (for
Petrofac):
+44 (0) 207 353 4200
petrofac@teneo.com
NOTES TO
EDITORS
Petrofac
Petrofac is a leading international
service provider to the energy industry, with a diverse client
portfolio including many of the world’s leading energy
companies.
Petrofac designs, builds, manages
and maintains oil, gas, refining, petrochemicals and renewable
energy infrastructure. Our purpose is to enable our clients to meet
the world’s evolving energy needs. Our four values - driven, agile,
respectful and open - are at the heart of everything we
do.
Petrofac’s core markets are in the
Middle East and North Africa (MENA) region and the UK North Sea,
where we have built a long and successful track record of safe,
reliable and innovative execution, underpinned by a cost effective
and local delivery model with a strong focus on in-country value.
We operate in several other significant markets, including India,
South East Asia and the United States. We have 8,500 employees
based across 31 offices globally.
Petrofac is quoted on the London
Stock Exchange (symbol: PFC).
For additional information, please
refer to the Petrofac website at www.petrofac.com