Petrofac Awarded US$1.2 Billi
Press Release
18 January 2011
PETROFAC LIMITED
Petrofac AWARDED US$1.2 billion project in algeria
Petrofac, the international oil & gas facilities service provider, has been awarded a US$1.2 billion lump-sum engineering, procurement and construction (EPC) contract by In Salah Gas (ISG), an association between Sonatrach, BP and Statoil, to develop southern fields in the In Salah development.
The fields to be developed are Garet el Befinat, Hassi Moumene, In Salah and Gour Mohmoud. Petrofac's scope of work includes a new central production and gas gathering facility at In Salah comprising two dehydration trains, with the capacity to produce approximately 16.8 million cubic metres of gas per day, associated permanent camps, and approximately 300km of pipelines for gas collection from the in-field wells and export to the existing Krechba facility. Brownfield modifications will also be undertaken at the existing Reg facilities with an additional dehydration train plus modifications for future operation of the compression facilities. The existing Teg and Krechba compression facilities will also be upgraded for future operations. The 50-month project, to be completed in phases, will support the maintenance of plateau gas production rates of 9 billion cubic metres per annum beyond 2013.
Commenting on the award, Maroun Semaan, Petrofac's group chief operating officer said: "The southern fields is our sixth EPC project in Algeria and further demonstrates our commitment to supporting the country's developments in the energy sector. We have recently completed a similar project in the region for the same customer with success, and believe this new award reflects our dedication to this strategically important market where we maintain excellent relationships with both our customers and local construction partners."
Subramanian Sarma, managing director of Petrofac's Engineering & Construction business said: "I am delighted that we have secured the southern fields project. We hope to build upon our experience and knowledge gained from our long track-record of working in Algeria, including our current involvement with the In Salah gas compression project and look forward to strengthening further our relationships with both ISG and our subcontracting partners during the execution stages."
Ends
Tulchan Communications Group Ltd +44 (0) 20 7353 4200
James Bradley
David Allchurch
petrofac@tulchangroup.com
Notes to Editors
Petrofac in Algeria
With six EPC projects in Algeria, Petrofac's first award in-country was in 1997 on the Tifernine oil field development project. More recent awards include the US$ 600 million In Salah Gas compression project in 2007 where the scope of work includes the design and installation of additional field compression facilities at each of the three northern fields of Reg, Teg and Krechba and the US$2.2 billion EPC contract for the El Merk central processing facility (CPF) in the Berkine Basin of Algeria.
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 Energy 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 13,000 employees, Petrofac operates out of six strategically located operational centres, in Aberdeen, Sharjah, Woking, Chennai, Mumbai and Abu Dhabi and a further 19 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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