Burn baby burn20 Dec 2023 07:04
Disco on fire!!
Second contract award under the six-project, US$14 billion, multi-year Framework Agreement with TenneT announced today. Petrofac’s portion of the second contract valued at approximately US$1.4 billion. Performance guarantee secured for the first contract awarded under the Framework Agreement with TenneT. Performance guarantee terms agreed for the first ADNOC Habshan contract – expected to be issued by year end. Active discussions ongoing to secure guarantees required for other new contracts