Petrofac Limited PFC PETROFAC JV WINS US$229 MILLION CONTRACT IN IRAQ

  Petrofac Limited (PFC) - PETROFAC JV WINS US$229 MILLION CONTRACT IN IRAQ

RNS Number : 6594Q
Petrofac Limited
08 November 2012




Press Release





12 November 2012

                                      

                               PETROFAC LIMITED

                                      

               PETROFAC JV WINS US$229 MILLION CONTRACT IN IRAQ



Petrofac has won a further inspection, maintenance and repair contract for the
Rumaila oil  field in  Southern Iraq  with its  joint venture  partner,  China 
Petroleum Engineering & Construction  Corporation (CPECC). The US$229  million 
contract  was  awarded  by  BP  Iraq  NV  (BP),  via  the  Rumaila   Operating 
Organisation (ROO), following a competitive tender.



The three-year contract, which is worth more than US$160 million to  Petrofac, 
will be led by its Offshore Projects & Operations (OPO) business. The contract
covers the inspection, maintenance and repair of degassing stations,  rotating 
machinery and cluster  pumping stations  and came  into effect  on 1  November 
2012.



Marwan  Chedid,  Chief  Executive  of  Petrofac's  Engineering,  Construction, 
Operations & Maintenance (ECOM) division, commented: "We are delighted to have
been awarded a further contract for the Rumaila field. This award is testament
to Petrofac's ability to deliver to a high standard in Iraq and builds on  the 
success we  have achieved  over the  past year  in this  field. Alongside  our 
partner CPECC, we look forward to developing further our relationship with  BP 
Iraq and the Rumaila Operating Organisation  and helping to ensure a safe  and 
successful future for this flagship field."





Ends



For further information contact:



Tulchan Communications Group Ltd   +44 (0)  20 
7353 4200

Stephen Malthouse

Martin Robinson

petrofac@tulchangroup.com





Notes to Editors



Petrofac



Petrofac is  a  leading  international  service provider  to  the  oil  &  gas 
production  and  processing  industry,  with  a  diverse  customer   portfolio 
including many of the world's leading integrated, independent and national oil
& gas companies.  Petrofac is  quoted on  the London  Stock Exchange  (symbol: 
PFC).



Petrofac designs  and builds  oil &  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  customers' 
needs across the full life cycle of oil & gas assets.



With around 17,200  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.





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

END


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