Petrofac Regulatory News (PFC)

14 Nov 2006 14:09

Petrofac Limited14 November 2006 PETROFAC LIMITED ("PETROFAC") PETROFAC WINS GAS PLANT CONTRACT IN EGYPT Petrofac, the international oil & gas facilities service provider, has beenawarded a US$200 million lump sum engineering, procurement and construction(EPC) contract by Khalda Petroleum Company (KPC) to build a new gas processingfacility at Salam area in Egypt. KPC is a joint venture company between ApacheCorporation and Egyptian General Petroleum Corporation (EGPC). The project, scheduled for completion before the end of 2008, will also beutilising the capabilities and expertise of local construction and fabricationcompany, Petrojet. The project scope covers execution of project management,detailed design, procurement, construction, pre-commissioning, commissioning,start-up, performance testing and initial operations. KPC is adding this thirdgas processing train (SGT3) to its existing gas facilities in the Salam area toprocess the gas produced from its new discoveries. Commenting on the award, Maroun Semaan, Chief Executive, Petrofac Engineering &Construction said: "We are delighted to re-enter the Egyptian market. This is amajor development for our core gas plant business and this will be our eighthgas processing plant project undertaken in the last ten years. We are very muchlooking forward to providing our expertise to this important new customer,Khalda Petroleum Company." 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 Khalda Khalda's joint venture partner, Apache Corporation, is one of the largestindependent oil and gas exploration development companies. Egypt is a rapidlygrowing segment of Apache's international portfolio with rising production andreserves and an extensive exploration programme that resulted in the largestdiscovery in Apache's history at Qasr in the Khalda Concession during 2005. Project Technical Information SGT3 will be a gas conditioning train encompassing gas separation, mercuryremoval, gas dehydration, TEG regeneration, gas dew-pointing, CO2 removal, gasexport compression, condensate stabilisation, condensate storage and exportsystem, recycle gas compression, flare system, hot oil system, power generation/distribution and all associated tie-ins with the existing plant. 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