Thursday, October 19, 2017

Petrofac wins Iraq project management contract

Petrofac, a leading international service provider to the oil and gas processing and production industry, has been awarded a $30 million contract to undertake Project Management Consultancy (PMC) services for the Halfaya Contract Area in southern Iraq.

The contract award was announced in a regulatory notice filed with the London Stock Exchange.

Working in support of PetroChina International Iraq FZE as the lead operator of Halfaya, Petrofac’s Engineering and Production Services, EPS, East business will undertake project management services for five years, said the company in a statement.

As per the deal, Petrofac is responsible for managing and supervising the development and progress of several engineering, procurement and construction work scopes, including the central processing facility, power plant expansion, gas process plant and all associated facilities.

For each work scope, activities will include the management of detailed design, procurement, construction and commissioning.

Manivannan Rajapathy, the managing director, Petrofac EPS East, said: "This important award reflects our growing capabilities in a core market. Through the provision of PMC services, we are demonstrating our competence and capabilities to oversee large programmes of work."

"This builds upon our long track record for in-country execution for existing clients, through the delivery of engineering, operations, maintenance and training activities," observed Rajapathy.

"We are pleased to have the opportunity to support PetroChina and the Halfaya partners in the delivery of this key infrastructure project. Our focus is to support sustained production, through the successful conclusion of each phase, towards the overall production plateau target of around 400,000 barrels per day," he added.

With 31 offices and around 13,000 staff worldwide, Petrofac has had a presence in the UAE since 1991, when it established its Sharjah office, which now supports both regional and international projects.

It also owns 75 per cent of its subsidiary, Petrofac Emirates, a joint venture with Nama Project Services.

A component of the FTSE 250 Index on the London Stock Exchange, Petrofac has undertaken major projects both onshore and offshore for Abu Dhabi’s oil and gas industry.

Current major projects include work on the Satah Al Razboot, Sarb, Project for Adma-Opco and on the Upper Zakum UZ750 project for Zadco.-TradeArabia News Service

from Construction Realestate Readmore công ty pacific travel

Links topic: