Petrofac Awarded Contracts by GDF SUEZ E&P UK
Press Release
30 August 2011
PETROFAC LIMITED
PETROFAC AWARDED CONTRACTS
BY GDF SUEZ E&P UK
Petrofac, the international oil & gas facilities service provider, announces that its Offshore Engineering & Operations (OE&O) business has been awarded two North Sea contracts by GDF SUEZ E&P UK Ltd ("GDF SUEZ E&P UK"). Valued at £30 million over three years with an additional two year option, the contracts were awarded following a competitive tender process.
From August 2011, Petrofac will provide operations, maintenance, engineering and general support services, as well as bringing to bear its extensive North Sea operational experience to support GDF SUEZ E&P UK in the development of its own capabilities in the UKCS. Petrofac will be supplying all offshore personnel and significant onshore support, creating an estimated 100 new jobs in the North Sea over the next five years.
Bill Dunnett, managing director, Petrofac OE&O commented: "We are delighted to be establishing a new relationship in the UKCS with our first contracts from GDF SUEZ E&P UK, having been selected for our comprehensive services capability and extensive experience of delivering projects in the North Sea. We will be working closely with GDF SUEZ E&P UK to deliver these projects, helping build GDF SUEZ E&P UK's presence in the UKCS and cementing a relationship for the long-term."
Jean-Claude Perdigues, managing director at GDF SUEZ E&P UK said: "These two new contracts represent a significant milestone for GDF SUEZ E&P UK and will help the company to conduct its North Sea operations safely, efficiently and cost effectively. I look forward to a long and productive relationship with Petrofac as we work together to generate production and employment in the UKCS."
Ends
For further information contact:
Tulchan Communications Group Ltd +44 (0) 20 7353 4200
Stephen Malthouse
Martin Robinson
petrofac@tulchangroup.com
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 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 more than 14,500 employees, Petrofac operates out of six strategically located operational centres, in Aberdeen, Sharjah, Woking, Chennai, Mumbai and Abu Dhabi and a further 21 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.
This information is provided by RNS
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