Venture contract extension

Petrofac Limited
07 April 2008


                                PETROFAC LIMITED


                      VENTURE EXTENDS CONTRACT WITH PETROFAC


Petrofac, the international oil & gas facilities service provider, announces
that it has been awarded a two-year extension of its existing duty holder
contract with Venture Production plc ('Venture'). The extension will commence in
November 2008 when the current contract is to be renewed. The value of the
contract is circa £20 million per annum.

Petrofac has been duty holder on Venture's Kittiwake platform since 2004. During
this time Petrofac has worked closely with Venture on a number of key projects.
These include replacement of the offloading system with a more environmentally
friendly system; installation of additional subsea tie-backs to the existing
equipment; and, in November 2007, Petrofac Brownfield completed significant new
topside modifications on the installation.

Safety performance on the Kittiwake has continued to improve, with the platform
recently achieving the milestones of two years without a lost time incident
(LTI) and one year with no recordable injuries. These are remarkable
achievements, considering the level of activity expended during this time.

Steve Bullock, VP operations management for Petrofac Facilities Management said:
"We are delighted that the contract extension with Venture has been agreed. This
announcement enhances Petrofac's long-standing relationship with Venture and
demonstrates our strong track record. We worked closely with Venture to ensure
an effective transition phase of Kittiwake, and have subsequently delivered a
demonstrably successful transformation of the asset. This illustrates Venture's
expertise and successful investment strategy, along with Petrofac's strong
support as duty holder, which have delivered success for Venture and its
partners."

                                      Ends


For further information contact:

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

Bell Pottinger Corporate & Financial      [phone]
Ann-marie Wilkinson
Olly Scott


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 250 Index.

Through its three divisions, Engineering & Construction, Operations Services and
Energy Developements, Petrofac designs and builds oil & 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 customers' needs across the life cycle of oil & gas assets.

With more than 9,500 employees, Petrofac operates out of four strategically
located international centres, in Aberdeen, Sharjah, Woking and Mumbai and a
further 20 offices worldwide. The predominant focus of Petrofac's business is on
the UK Continental Shelf (UKCS), Africa, the Middle East, 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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