Petrofac awarded EP contract in Oman

RNS Number : 9806C

Petrofac Limited

24 March 2014

 



Press Release

24 March 2014

PETROFAC AWARDED EP CONTRACT IN OMAN

Petrofac, the international service provider to the oil and gas industry, has been awarded an Engineering and Procurement (EP) contract by Petroleum Development Oman (PDO) to provide services for its Rabab Harweel Integrated Project (RHIP) located in the Harweel Cluster of fields in the south of the Sultanate of Oman.  The Contract also includes Construction and Commissioning management support services with Petrofac providing full support to PDO during the construction and start-up phases of the integrated oil and sour gas facility. 

The RHIP facility will include sour gas processing facilities and associated gathering and injection systems and export pipelines.  It will handle the production of oil and gas from the Harweel oil reservoirs via Miscible Gas Injection and the production of gas with condensate from the Rabab reservoir through partial recycling of sour gas. The facility will deliver peak export of 4.9 MMsm3/d of sweet gas and 9700 m3/d of condensate in addition to approx. 16 MMsm3/d of high pressure sour injection. 

Under the terms of the four and a half year RHIP contract, Petrofac will provide Detailed Engineering and Construction and Commissioning management support services on a reimbursable basis and procurement on an incentivised pass-through basis.  The total contract value is expected to be more than US$1 billion with around one quarter of the revenues relating to professional services (Engineering, Construction and Commissioning management). 

Craig Muir, Managing Director for Petrofac's Engineering & Consulting Services business commented:  "This contract is a key milestone in the development of our EPCm delivery strategy within ECS.  We have a strong track record in Oman with PDO as well as direct Engineering, Procurement and Construction (EPC) experience on the previous Harweel development.  This award also underpins Petrofac's strategy to enhance service capability in the Middle East; providing added value to our regional customers as well as our onshore and offshore EPC business.  Furthermore, maximising local goods and services wherever we work in the world remains a priority for us and this contract is no exception.  We will maintain a strong focus on this aspect of our delivery by accessing the local supply chain and recruitment of local resources.  We are very much looking forward to building a strong and enduring team working alongside PDO to deliver this project."

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For further information contact:

Alison Flynn

Head of Media Relations

Petrofac

[e-mail]                                                   [phone]

Petrofac Investor Relations                                                  [phone]

Jonathan Low

Jonathan Edwards    

[e-mail]

Tulchan Communications Group Ltd

Stephen Malthouse

Martin Robinson

[e-mail]                                                          [phone]

Notes to Editors

Petrofac

Petrofac is a leading international service provider to the oil and gas production and processing industry, with a diverse customer 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 customers' needs across the full life cycle of oil and gas assets.

With more than 18,000 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.

Petroleum Development Oman (PDO)

PDO is the foremost exploration and production company in the Sultanate of Oman.  It accounts for more than 70% of the country's crude oil production and nearly all of its natural gas supply. The company is owned by the Government of Oman (with a 60% interest), Royal Dutch Shell (34%), Total (4%) and Partex (2%).

PDO operates in a concession area of about 100,000 km2 (one third of Oman's geographical area), has more than 126 producing fields, more than 5,000 producing wells and a workforce of more than 7,000 PDO staff and more than 35,000 contractors.

For additional information, please refer to the PDO site at www.pdo.co.om

 

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