Petrofac/Bonatti awarded US$650m EPC project
Press Release
30 October 2013
PETROFAC / BONATTI AWARDED US$650 MILLION EPC PROJECT IN ALGERIA
Petrofac, the international oil and gas services provider, will lead a partnership with Italian lump-sum contractor Bonatti to execute a 32-month Engineering, Procurement and Construction (EPC) contract for Sonatrach to extend the life of the Alrar gas field in south east Algeria. The contract value is more than US$650 million.
The scope of work encompasses engineering, procurement, construction, and commissioning services for the development of new separation and booster compression facilities at the well-established Alrar field which has been operation since 1987.
Subramanian Sarma, Managing Director of Petrofac's Onshore Engineering & Construction business, commented: "We are delighted to be partnering with Bonatti in order to deliver this project for Sonatrach at the Alrar field. This development builds on Petrofac's long history of successful execution in Algeria where we have been operating successfully for more than 15 years. Petrofac has a rigorous approach to project execution and we are focused on delivering an effective, safe solution for Sonatrach that meets our high standards."
Paolo Ghirelli, President and CEO of Bonatti commented: "Petrofac and Bonatti combined to provide a competitive proposal for this project, which is Bonatti's second EPC contract at Alrar. With Petrofac we share a long experience of operating in Algeria, where we started working in 1998, and also a focus on local capability which demonstrates our combined commitment to develop the local energy sector. We look forward to working closely with Petrofac on this important project."
Petrofac's ongoing EPC activities in Algeria include the southern fields development project for In Salah Gas (ISG), an association between Sonatrach, BP and Statoil and the El Merk central processing facility which will be operated by Sonatrach and Anadarko on behalf of the El Merk partners.
For further information contact:
Alison Flynn
Head of Media Relations
Petrofac +44 (0)207 811 4913
alison.flynn@petrofac.com
Tulchan Communications Group LLP +44 (0) 20 7353 4200
Martin Robinson
Stephen Malthouse
petrofac@tulchangroup.com
Notes to Editors
Petrofac
Petrofac is a leading international service provider to the oil and gas production and processing industry, with a diverse customer portfolio including many of the world's leading integrated, independent and national oil and gas companies. Petrofac is quoted on the London Stock Exchange (symbol: PFC).
Petrofac designs and builds oil and 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 and gas assets.
With more than 18,000 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.
Bonatti
Bonatti is an international general contractor which provides engineering, procurement, construction and operation & maintenance services to the oil & gas and power industries.
Bonatti executes challenging projects under the most critical environmental and logistical conditions in remote locations, combining innovation and advanced technologies to secure successful outcomes for its customers. Bonatti is present in Algeria, Libya, Mozambique, Egypt, Saudi Arabia, Iraq, Kazakhstan, Mexico and many European countries.
Bonatti's mission is to ensure the full satisfaction of its clients, and to be welcomed in the countries where it operates as a services supplier who is fully integrated with the territory, the community and the environment.
For additional information, please refer to the Bonatti website at www.bonatti.it.
This information is provided by RNS
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