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PETROFAC AWARDED INDIA EPC CONTRACT

12 Mar 2018 07:00

RNS Number : 3709H
Petrofac Limited
12 March 2018
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Press Release

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12 March 2018

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PETROFAC AWARDED INDIA EPC CONTRACT

Petrofac has been awarded a lump-sum Engineering, Procurement and Construction (EPC) contract by Bharat Petroleum Corporation Limited (BPCL) valued at approximately US$ 135 million.

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Located at BPCL's Kochi Refinery, Kerala, India, the scope of work encompasses engineering, procurement, construction, pre-commissioning and assistance with commissioning. The 27-month contract is for the addition of a new Motor Sprit (MS) block of refining units, which will increase the current output of the facility to meet India's BS-VI automotive fuel quality.

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Sunder Kalyanam, Group Managing Director for Petrofac's Engineering & Construction Growth business said: "Having previously executed EPC projects in India between 1997 and 2004, we are delighted to have secured this contract to deliver a new complex of units at the BPCL Kochi Refinery. This award demonstrates our organic growth ambitions in action, and attests to our strategy of a continued increase in our capabilities in India, a country which holds a special place in our service offering.

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"Petrofac has thriving operational centres in Mumbai, Chennai and Delhi that provide engineering services through a multidisciplinary capability, supporting our projects globally. In addition to our core activities, we offer a comprehensive graduate training programme and are committed to social investment. We look forward to continuing to build a sustainable and long-term presence in-country through the safe and timely delivery of this project for BPCL."

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Ends

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For further information contact:

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Petrofac Limited

+44 (0) 207 811 4900

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Jonathan Low, Head of Investor Relations

jonathan.low@petrofac.com

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Alison Flynn, Group Head of Communications

alison.flynn@petrofac.comย 

+44 (0) 207 811 4913

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Tulchan Communications Group

+44 (0) 207 353 4200

petrofac@tulchangroup.com

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Martin Robinson

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LEI 2138004624W8CKCSJ177

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NOTES TO EDITORS

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Petrofac

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Petrofac is a leading international service provider to the oil and gas production and processing industry, with a diverse client 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).

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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 clients' needs across the full life cycle of oil and gas assets.

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With around 12,500 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.

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For additional information, please refer to the Petrofac website at www.petrofac.com

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This information is provided by RNS
The company news service from the London Stock Exchange
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END
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