Petrofac Awarded US$200 Million Project in Kuwait

RNS Number : 2487N

Petrofac Limited

27 September 2012

 



Press Release

27 September 2012

PETROFAC LIMITED

PETROFAC AWARDED US$200 MILLION PROJECT IN KUWAIT

Petrofac, the international oil & gas service provider, has been awarded a US$200 million lump-sum engineering, procurement and construction (EPC) contract by Kuwait Oil Company (KOC) for a new power distribution network in North Kuwait. The project was awarded following a competitive tender and will be completed in 24 months. 

Under the terms of the contract, Petrofac will construct three new substation buildings as well as putting down approximately 900 kilometres of buried cable to connect the site's substations to the distribution network. When complete, the new facilities will provide a more robust power supply to support the development of the onshore oil fields in North Kuwait.

Marwan Chedid, Chief Executive of Petrofac's Engineering, Construction, Operations & Maintenance (ECOM) division, commented:  "Petrofac has a well-established local presence in Kuwait. This latest award is our eighth EPC project for KOC. It builds on a long history of working together successfully and we look forward to again proving our delivery capability to KOC through this contract."

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). 

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 17,200 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.

 

END

 

 

CNTZQLFLLKFEBBD