Petrofac Wins $600M Algeria EPC contract
Oil field services company Petrofac has received a provisional letter of award for a $600 million engineering, procurement and construction (EPC) contract in Algeria.
Oil field services company Petrofac has received a provisional letter of award for a $600 million engineering, procurement and construction (EPC) contract in Algeria.
Iraq has signed a deal with Petrofac worth $369 million for the construction of a new crude-processing plant in the giant Majnoon oilfield.
Output at the Algerian Alrar gas field near the Libyan border has risen from 16 million cubic meters per day (cm/d) to 24.7 cm/d - a 54.4% increase - after the field was extended.
Petrofac has secured a new contract and multiple contract extensions worth a combined $110 million.
UAE-based Petrofac announced the signing of a binding letter of intent for an engineering, procurement, and construction contract with a Gulf Cooperation Council (GCC) national oil company worth $580 million.
Petrofac won a $160 million contract from Basra Oil Company for the Iraq Crude Oil Export Expansion Project (OCOEEP).
BP awarded Petrofac an $800 million contract for the second stage of development at the Khazzan natural gas field in Oman.