Petrofac Regulatory News (PFC)

2 Mar 2009 07:00



2 MARCH 2009

PETROFAC LIMITED

Petrofac awarded Karan contract by Saudi Aramco

Petrofac, the international oil & gas facilities service provider, has been awarded an engineering procurement and construction (EPC) contract for Saudi Aramco's Karan utilities and cogeneration package.

The project forms part of the Karan gas development programme which will expand the Khursaniyah gas plant, located about 50 kms northwest of Jubail in the Eastern Province of Saudi Arabia, to accommodate around 1.8 billion standard cubic feet per day of high pressure sour gas from the offshore Karan field. 

In addition to building the utilities and cogeneration package, Petrofac will also upgrade the plant's process controls, electrical systems and support facilities.

Maroun Semaan, Petrofac's group chief operating officer said: "We are delighted to have secured our first project with Saudi Aramco and we hope that this opportunity will mark the beginning of a long and successful relationship and enable us to establish a long-term engineering and project management capability in the Kingdom." 

Ends

For further information contact:

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

Ann-marie WilkinsonOlly Scott

Notes to Editors

Project scope

The detailed scope of work includes building one cogeneration unit; two auxiliary boilers; a sales gas pipeline; reverse osmosis plant; separate storage facilities for nitrogen and water; instrument/plant air compressors and storage; pumps and treatment; a boiler feed water system; cooling water system; sanitary and gravity system; steam distribution system; oily/storm water system; and tie-ins to the existing Plant. As part of this package Petrofac will also upgrade the Plant's process controls, electrical systems and support facilities in addition to installing further utility systems.

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).

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 10,000 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.