Contract

Petrofac Limited 15 January 2007 PETROFAC LIMITED PETROFAC SECURES ADDITIONAL KARACHAGANAK AWARD Petrofac, the international oil & gas facilities service provider, has secured the contract for the detailed engineering, procurement, construction management and commissioning support for the Karachaganak 4th stabilisation and sweetening train. This award follows Petrofac's successful completion of the FEED study for the development. The contract, which is scheduled for completion in mid 2009, will be executed on a part lump sum and part reimbursable basis. The addition of a fourth oil processing train will increase significantly the capacity of the existing Karachaganak Processing Complex (KPC) facilities. Petrofac will be working alongside Karachaganak Petroleum Operating BV (KPO) and its partners and with NIPI Caspian Engineering and Research (CER), based in Kazakhstan. Petrofac and CER will use a jointly developed engineering capability to increase long term Kazakh development and Kazakh content. Commenting on the award, Maroun Semaan, Chief Executive, Petrofac Engineering & Construction, said, "Kazakhstan and the Caspian region are of strategic importance to Petrofac. With the successful completion of the FEED study, this award reinforces further our position in and commitment to the substantial capital investment programmes that are underway and being planned in the region." Ends For further information, contact: Petrofac Limited +44 (0) 20 7811 4900 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 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, Operations Services 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. With approximately 8,000 employees, Petrofac operates out of four strategically located international centres, in Aberdeen, Sharjah, Woking and Mumbai and a further 13 offices worldwide. The predominant focus of Petrofac's business is on the UK Continental Shelf (UKCS), Africa, the Middle East, the Commonwealth of Independent States (CIS) and the Asia Pacific region. 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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