Petrofac Awarded Two Projects for Petro Rabigh II

RNS Number : 3489I

Petrofac Limited

24 July 2012

 



Press Release

24 July 2012

PETROFAC LIMITED

Petrofac awarded two projects for Petro Rabigh II

Petrofac, the international oil & gas service provider, has been awarded two engineering, procurement and construction (EPC) contracts for Petro Rabigh's Phase II petrochemical expansion project. Petro Rabigh is a domestic public company in which both Saudi Aramco and Sumitomo Chemical Co Ltd hold a financial interest.

Due to commence shortly, Petrofac has been awarded an EPC contract for tank farms and a second EPC contract for common utilities.  The projects - scheduled to be undertaken within 36 months - are some of the first major awards made by Saudi Aramco under their In-Kingdom EPC programme and will be delivered from Petrofac's Saudi Arabia office in Al-Khobar.  Petro Rabigh operates the refinery at Rabigh, about 93 miles (150 km) north of Jiddah, Saudi Arabia.

Marwan Chedid, Chief Executive of Petrofac's Engineering, Construction, Operations & Maintenance (ECOM) division, commented:  "We are delighted to have secured two successive projects with Saudi Aramco, which serves to reinforce the hard work and dedication of our In-Kingdom team.  As the project progresses, we look forward to strengthening our relationship with both Saudi Aramco and Sumitomo Chemical and enhancing further our engineering and project management capability in the Kingdom."

Ends

For further information contact:

Tulchan Communications Group Ltd                                  [phone]

Stephen Malthouse

Martin Robinson

[e-mail]

Notes to Editors

Petrofac

Petrofac is a leading international service provider 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 two divisions: Engineering, Construction, Operations & Maintenance (ECOM - comprising Onshore Engineering & Construction, Offshore Projects & Operations, Offshore Capital Projects and Engineering & Consulting Services) and Integrated Energy Services (IES). Through these divisions 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 16,500 employees, Petrofac operates out of seven strategically located operational centres, in Aberdeen, Sharjah, Woking, Chennai, Mumbai, Abu Dhabi and Kuala Lumpur and a further 24 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.

 

END

 

 

CNTVZLBLLDFZBBE