Re Contract

Petrofac Limited
07 November 2005



7 NOVEMBER 2005

                                PETROFAC LIMITED
                                  ("Petrofac")

                    PETROFAC SECURES MAJOR EPC CONTRACT WITH
                           PETROLEUM DEVELOPMENT OMAN

Petrofac, the international oil and gas facilities service provider, has
received a letter of award for the EPC contract with Petroleum Development Oman
(PDO) to build the second phase of the Harweel Cluster Development in southern
Oman. The project will be executed in conjunction with Galfar a leading Omani
Engineering & Construction Company.

This contract, valued at just under 1 billion dollars, will be executed over
three years through Petrofac's Engineering & Construction division from its base
in Sharjah, UAE. Petrofac is tasked with the project management, detailed
engineering, procurement, construction, pre-commissioning, training and support
during commissioning of the project and this phase of the project includes a new
oil and gas processing station within the Harweel cluster with a gas enrichment/
sweetening plant, and associated facilities for a capacity of 10,000 m3 per day
(m3/d) of oil production. Additionally, there are facilities for 5 million m3/d
gas injection into the Zalzala oilfield, additional gathering facilities,
facilities for gas depletion at the Rabab field, and modifications to the
existing Harweel processing station.

The first phase of the Harweel development was completed in the first quarter of
2004 and has already enabled the early production of some 2,000 m3/d of oil. The
overall development programme is set to significantly increase Oman's oil
production over the next ten years.

The contract award also provides PDO with an option for an additional 10 million
m3/d gas injection into the Sakhiya oilfield, additional gathering facilities,
expansion of the depletion facilities at Rabab, and expansion of the Harweel
processing station to increase overall capacity to 20,000 oil m3/d. If this
option is exercised, the total contract value would increase.

Commenting on the award, Maroun Semaan, Chief Executive, Petrofac Engineering &
Construction, said:

"Following the award of the Kauther gas plant project earlier in 2005, this
major contract will significantly expand our presence in Oman and relationship
with PDO and takes our E&C backlog to record levels. It follows several months
of basic engineering work and technical evaluation to come up with the optimum
design solution. We are also pleased to have had this success alongside our long
term Omani construction partner, Galfar Engineering & Construction."

John Malcolm, PDO's Managing Director, said:

"The Harweel development is PDO's first full-scale enhanced oil recovery (EOR)
project. As such, it sets the trend for the company: EOR will give a new lease
of life to our existing fields, both new and old. Together with our recently
constructed gas plants, it represents the future growth areas of PDO. The award
of both the Harweel and the Kauther contracts to Petrofac this year reflects our
confidence in Petrofac's ability to ensure we achieve our plan."

Ayman Asfari, Group Chief Executive, Petrofac Limited, added:

"We are delighted to have been awarded this major contract which builds upon
Petrofac's relationships with the region's national oil companies and
demonstrates our ability to leverage our strong regional presence. This will be
the largest lump-sum contract undertaken by our E&C business and further
demonstrates our clients' confidence in Petrofac's ability to deliver
large-scale EPC projects."


For further information, please contact:

Petrofac Limited                                    [phone]
Ayman Asfari, Group Chief Executive
Keith Roberts, Chief Financial Officer
Robin Caiger, Head of Investor Relations

Bell Pottinger Corporate & Financial                [phone]
Ann-Marie Wilkinson
Geoff Callow



Notes to Editors

Petrofac is a leading international provider of facilities solutions to the oil
and gas production and processing industry, with a diverse client portfolio
including many of the world's leading integrated, independent and national oil
and gas companies.

Through its three divisions, Engineering & Construction (E&C), Operations
Services (OS) and Resources, Petrofac designs and builds oil and 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 clients' needs across the life cycle of oil and gas assets.

Petrofac operates out of four strategically placed international centres in
Aberdeen, Scotland; Sharjah, UAE; Mumbai, India; and Woking, England, and has a
further 13 offices worldwide, with approximately 5,500 employees.

Petrofac's business is focused on the UK Continental Shelf (UKCS), the Middle
East, North Africa and the Former Soviet Union (FSU). Through both organic
growth and strategic acquisition, Petrofac's engineering, procurement and
construction activities have been complemented with development planning and
early stage engineering services, facilities management and training services
and co-investment.

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



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