Last checked at 26 Jul 2017 07:00
Press Release
26 July 2017
PETROFAC STRENGTHENS IRAQ PRESENCE WITH CONTRACTS WORTH US$100 MILLION
Petrofac has secured a contract extension and a new award with a combined value of more than US$100 million for construction management, engineering, commissioning and start-up services for two International Oil Companies (IOCs) in Iraq.
The awards reflect the extensive track record Petrofac has been amassing in the country since 2010. Today's announcement builds upon US$70 million of new awards in Iraq announced in April, giving the Group good visibility of future work in the country and securing around 250 jobs.
Mani Rajapathy, Managing Director, Engineering & Production Services East, said: "We're delighted the IOCs in Iraq continue to choose Petrofac to support their operations. Iraq is an important market for us and, as evidenced by the number of awards we've secured there this year, we've consistently proven our delivery and execution capability on behalf of our clients.
"As we move forward, our teams will remain focused on ensuring services are delivered in alignment with our clients' expectations to enable them to maximise value from their oil and gas assets."
Ends
For further information contact:
Tulchan Communications Group
+44 (0) 207 353 4200
petrofac@tulchangroup.com
Martin Robinson
Petrofac
Hazel Meldrum, Marketing and Communications Director, EPS
Hazel.meldrum@petrofac.com
+44 (0) 1224 247607
NOTES TO EDITORS
Petrofac
Petrofac is a leading international service provider to the oil and gas production and processing industry, with a diverse client portfolio including many of the world's leading integrated, independent and national oil and gas companies. Petrofac is quoted on the London Stock Exchange (symbol: PFC).
Petrofac designs and builds oil and 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 clients' needs across the full life cycle of oil and gas assets.
With around 13,500 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.