Petrofac Awarded Pipeline Pro

RNS Number : 1366Q

Petrofac Limited

29 July 2010

 



Press Release

29 July 2010

PETROFAC LIMITED

PETROFAC AWARDED PIPELINE PROJECT WITH KUWAIT OIL COMPANY

Petrofac, the international oil & gas facilities service provider, announces that it has been awarded a KD116.39 million (approximately US$ 400 million) contract by Kuwait Oil Company (KOC). 

The project, with an anticipated duration of 23.5 months, is for engineering, procurement and construction services for the installation of fuel gas and gas oil pipelines. The development will include a fuel oil pumping station, metering systems, utilities systems and associated electrical, instrumentation and telecommunication works, for the pipelines from Mina Al Ahmadi to the Azzour and Shuaiba Power Stations in Kuwait.

Commenting on the award, Maroun Semaan, Petrofac's group chief operating officer said:  "The Kuwait market is strategically important to our business and I am delighted that we have been selected by KOC to undertake this project.  We maintain an excellent working relationship with KOC and look forward to strengthening this further as we move into the execution phase of this project."

Ends

For further information contact:

Tulchan Communications Group Ltd                                  [phone]

James Bradley

David Allchurch

[e-mail]

Petrofac Limited                                                            [phone]

Jonathan Low, Head of Investor Relations

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 100 Index. 

The group delivers services through seven business units: Engineering & Construction, Engineering & Construction Ventures, Engineering Services, Offshore Engineering & Operations, Training Services, Production Solutions and Energy Developments.

Through these businesses Petrofac designs and builds oil & 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 & gas assets.

With around 12,000 employees, Petrofac operates out of six strategically located operational centres, in Aberdeen, Sharjah, Woking, Chennai, Mumbai and Abu Dhabi and a further 19 offices worldwide. The predominant focus of Petrofac's business is on the UK Continental Shelf (UKCS), the Middle East and Africa, the Commonwealth of Independent States (CIS) and the Asia Pacific region.

For additional information, please refer to the Petrofac website at www.petrofac.com.

 

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