Kashgan field development

Petrofac Limited 18 April 2008 PETROFAC SECURES FURTHER AWARD FOR KASHAGAN FIELD DEVELOPMENT PROJECT Petrofac, the international oil & gas facilities service provider, has secured an additional award at the Kashagan facility in Kazakhstan, operated by Agip KCO. The award, with a US$105 million lump-sum scope and a US$10 million optional scope, is to engineer and procure a fourth sales gas compressor train within the gas and LPG plant and undertake debottlenecking modifications to tranches 1 and 2 of the gas treatment plant. The project is necessary to accommodate the additional gas associated with the processing of the production from the third oil train. This work will be carried out as an amendment to the existing gas treatment plant contract, also being executed by Petrofac. Petrofac's work to date on the Experimental Phase of the Kashagan field development project includes engineering, procurement and construction management for the oil treatment plant, gas and LPG treatment plant and sulphur treatment plant. Commenting on the project, Maroun Semaan, chief executive of Petrofac's Engineering & Construction division, said: "We are delighted to have secured this additional work; it represents Agip KCO's continued confidence in Petrofac to deliver and further reinforces our position in and commitment to the substantial capital investment programmes that are underway and being planned in Kazakhstan and the Caspian region." - Ends - For further information, please contact: Petrofac Limited +44 (0) 20 7811 4900 Ayman Asfari, Group Chief Executive Keith Roberts, Chief Financial Officer Jonathan Low, Head of Investor Relations Bell Pottinger Corporate & Financial +44 (0) 20 7861 3232 Ann-marie Wilkinson Olly Scott Notes to Editors Petrofac Petrofac is a leading international provider of facilities solutions to the oil & gas production and processing industry, with a diverse customer portfolio including many of the world's leading integrated, independent and national oil & 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 Energy Developments, Petrofac designs and builds oil & 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 customers' needs across the life cycle of oil & gas assets. With more than 9,500 employees, Petrofac operates out of four strategically located international centres, in Aberdeen, Sharjah, Woking and Mumbai and a further 20 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
UK 100

Latest directors dealings