Petrofac Regulatory News (PFC)

18 Apr 2008 07:00

Petrofac Limited18 April 2008 PETROFAC SECURES FURTHER AWARD FOR KASHAGAN FIELD DEVELOPMENT PROJECT Petrofac, the international oil & gas facilities service provider, has securedan additional award at the Kashagan facility in Kazakhstan, operated by AgipKCO. The award, with a US$105 million lump-sum scope and a US$10 million optionalscope, is to engineer and procure a fourth sales gas compressor train within thegas and LPG plant and undertake debottlenecking modifications to tranches 1 and2 of the gas treatment plant. The project is necessary to accommodate theadditional gas associated with the processing of the production from the thirdoil train. This work will be carried out as an amendment to the existing gastreatment plant contract, also being executed by Petrofac. Petrofac's work to date on the Experimental Phase of the Kashagan fielddevelopment project includes engineering, procurement and constructionmanagement for the oil treatment plant, gas and LPG treatment plant and sulphurtreatment plant. Commenting on the project, Maroun Semaan, chief executive of Petrofac'sEngineering & Construction division, said: "We are delighted to have securedthis additional work; it represents Agip KCO's continued confidence in Petrofacto deliver and further reinforces our position in and commitment to thesubstantial capital investment programmes that are underway and being planned inKazakhstan and the Caspian region." - Ends - For further information, please contact: Petrofac Limited +44 (0) 20 7811 4900Ayman Asfari, Group Chief ExecutiveKeith Roberts, Chief Financial OfficerJonathan Low, Head of Investor Relations Bell Pottinger Corporate & Financial +44 (0) 20 7861 3232Ann-marie WilkinsonOlly 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 portfolioincluding many of the world's leading integrated, independent and national oil &gas companies. Petrofac is quoted on the London Stock Exchange (symbol: PFC) andis a constituent of the FTSE 250 Index. Through its three divisions, Engineering & Construction, Operations Services andEnergy Developments, Petrofac designs and builds oil & gas facilities; operates,maintains or manages facilities and trains personnel; and, where return criteriaare met and service revenue synergies identified, co-invests with clients andpartners. Petrofac's range of services allows it to help meet its customers'needs across the life cycle of oil & gas assets. With more than 9,500 employees, Petrofac operates out of four strategicallylocated international centres, in Aberdeen, Sharjah, Woking and Mumbai and afurther 20 offices worldwide. The predominant focus of Petrofac's business is onthe UK Continental Shelf (UKCS), Africa, the Middle East, the Commonwealth ofIndependent States (CIS) and the Asia Pacific region. For additional information, please refer to the Petrofac website atwww.petrofac.com. This information is provided by RNS The company news service from the London Stock Exchange