Petrofac Regulatory News (PFC)

16 Jul 2009 07:21



16 July 2009

PETROFAC LIMITED

PETROFAC PARTNERSHIP AWARDED US$2.1 BILLION ABU DHABI INTEGRATED GAS DEVELOPMENT CONTRACT

Petrofac, the international oil & gas services provider can confirm that its 50% owned Joint Venture, Petrofac Emirates, in partnership with GS E&C, has received a letter of award from GASCO for a contract worth approximately US$2.1 billion with a value to Petrofac Emirates of around US$1 billion.

The 48-month lump-sum contract which is due to commence in August 2009 is for the construction of the 4th NGL train at the Ruwais complex in Abu Dhabi.  

This is the first project to be awarded to Petrofac Emirates, the Joint Venture between Petrofac and Mubadala Petroleum Services LLC which was established in November 2008.

Ends

For further information contact:

Bell Pottinger Corporate & Financial +44 (0) 20 7861 3232

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 100 Index.

The group delivers services through seven business units: Engineering & Construction, Engineering & Construction Ventures, Engineering Services, Offshore Engineering & Operations, Training, 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 11,000 employees, Petrofac operates out of five strategically located operational centres, in Aberdeen, Sharjah, Woking, Chennai and Mumbai 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.