Petrofac Limited (PFC) - PETROFAC JV WINS US$229 MILLION CONTRACT IN IRAQ
RNS Number : 6594Q
08 November 2012
12 November 2012
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
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."
For further information contact:
Tulchan Communications Group Ltd +44 (0) 20
Notes to Editors
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:
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
This information is provided by RNS
The company news service from the London Stock Exchange
CNTLLFVLLALTIIF -0- Nov/08/2012 11:40 GMT
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