Petrofac Regulatory News (PFC)

Press Release

PETROFAC SECURES FIVE-YEAR TRAINING AGREEMENT WITH KUWAIT OIL COMPANY

Petrofac has agreed a five-year relationship with Kuwait Oil Company (KOC) for the provision of specialist technical training and competency development services.

The contract, which is valued at more than US$35 million, was secured following a competitive tendering process and is effective immediately. The work will be undertaken within Kuwait by the Training Services team who form part of Petrofac's Engineering & Production Services division.

Petrofac will support KOC in reviewing and updating its competency systems and will develop and deliver technical training programmes to enhance the capability of its operations and maintenance personnel.

Karim Osseiran, Vice President, Training Services, Engineering & Production Services, East said: "This is a highly innovative, long-term project. A team of more than 30 training professionals and technical specialists from Petrofac will be embedded within KOC's operations to deliver skills and competency-based learning and development services at the frontline of production operations.

"The award clearly demonstrates KOC's commitment to its people and the importance it places on the development of competency and skills within its workforce. This project will build legacy value through the development of systems and processes to operationalise human capability development where it matters the most, in the field. We are delighted to have the opportunity to support KOC throughout this journey and look forward to making a real difference to performance."

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For further information contact: 

Tulchan Communications Group

+44 (0) 207 353 4200

petrofac@tulchangroup.com

Martin Robinson

Petrofac

Hazel Meldrum, Marketing and Communications Director, EPS

Hazel.meldrum@petrofac.com

+44 (0) 1224 247607

LEI 2138004624W8CKCSJ177

NOTES TO EDITORS

Petrofac

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).

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.

With around 13,500 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.

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