Petrofac Regulatory News (PFC)

15 Nov 2006 07:02

Petrofac Limited15 November 2006 PETROFAC LIMITED ("PETROFAC") HASDRUBAL GAS PLANT CONTRACT AWARD IN TUNISIA Petrofac, the international oil & gas facilities service provider, has beenawarded a US$400 million lump sum turnkey contract by BG Tunisia Limited (BGT)and Entreprise Tunisienne D'Activites Petrolieres (ETAP), the Tunisianstate-owned oil and gas exploration and production company, to build the newHasdrubal onshore gas processing facility and the liquefied petroleum gas (LPG)production facility. The facility will be located on the Tunisian coast betweenLa Skhira and Sfax in Tunisia and is scheduled for completion in 2009. The project scope covers project management, detailed design, procurement,construction, pre-commissioning, commissioning, start-up and performance testingof the new gas plant. Petrofac will be utilising the capabilities and expertiseof Pireco, a local construction and fabrication company, as its mainconstruction sub-contractor for the project. Commenting on the award, Maroun Semaan, Chief Executive, Petrofac Engineeringand Construction said: "We are delighted to win the Hasdrubal project for BGTand ETAP which will be an important project for our core gas plant business." Ayman Asfari, Group Chief Executive, Petrofac Limited, added: "This is animportant award for Petrofac. It both reinforces the growing businessrelationship we have with BG and it will provide our E&C division with its firstmajor project in Tunisia." Ends For further information, contact: Petrofac Limited +44 (0) 20 7811 4900Ayman Asfari, Group Chief ExecutiveKeith Roberts, Chief Financial OfficerRobin Caiger, Head of Investor Relations Bell Pottinger Corporate & Financial +44 (0) 20 7861 3232Ann-marie WilkinsonGeoff Callow Notes to Editors Project Technical Information BGT is the largest producer of gas in Tunisia, supplying more than 50% ofdomestic gas demand from its 100% owned Miskar field in the Gulf of Gabes about110km east of Sfax. The Hasdrubal project is intended to increase productionlevels of domestic gas and, ETAP has elected to participate in the developmentof the field at 50%. The Hasdrubal field is located in Tunisian waters at a depth of 62 metres,approximately 100km from the coast in the Gulf of Gabes. It contains a rich gas,condensate and associated oil rim within the nummulitic carbonate El Gariareservoir horizon. The Hasdrubal onshore gas plant will be a gas conditioningtrain encompassing gas separation, mercury removal, gas dehydration usingmolecular sieve, H2S/CO2 removal, export gas compression, condensatestabilisation, condensate storage and export systems, recycle gas compression,produced water removal, treatment and storage, cold flare system, HP flare andrelief system, hot oil systems, dedicated power generation/distribution, and allassociated tie-ins with the existing Hannibal plant. The LPG plant will includeLPG extraction, using proprietary turbo-expander technology for dew pointing andLPG storage and export systems. Petrofac Petrofac is a leading international provider of facilities solutions to the oiland gas production and processing industry, with a diverse client portfolioincluding many of the world's leading integrated, independent and national oiland gas companies. Petrofac is quoted on the London Stock Exchange (symbol: PFC)and is a constituent of the FTSE 250 Index. Through its three divisions, Engineering & Construction, Operations Services andResources, Petrofac designs and builds oil and 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 clients' needsacross the life cycle of oil and gas assets. With approximately 8,000 employees, Petrofac operates out of four strategicallylocated international centres, in Aberdeen, Sharjah, Woking and Mumbai and afurther 13 offices worldwide. The predominant focus of Petrofac's business ison the UK Continental Shelf (UKCS), Africa, the Middle East, the Commonwealth ofIndependent States (CIS) and the Far East. 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