DJ Petrofac secures EPCC contract
Petrofac Limited ( PFC) Petrofac secures EPCC contract 03-Sep-2021 / 07:00 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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3 September 2021
PETROFAC SECURES LIBYA EPCC CONTRACT
Petrofac has secured a contract valued at over USUSD100 million with Zallaf Libya Oil & Gas Exploration and Production Company, to deliver their Erawin Field Development Project Phase 1 Early Production Facilities.
The Engineering, Procurement, Construction and Commissioning (EPCC) scope of work encompasses surface equipment, including well pads and flowlines at the Erawin oil field, located in southwest Libya. It also includes a pipeline to transport crude oil around 100 kilometres to the El Sharara oil field and a control room, substation and telecom system located there.
Libya holds some of the largest oil reserves in Africa. Zallaf was established in 2013 to develop fields that have been discovered and appraised but not yet produced. It is a 100% subsidiary of the National Oil Company. In addition to this latest contract award, Petrofac is also currently providing Front-End Engineering Design (FEED) and conceptualisation studies, both upstream and downstream, for a number of clients in-country, with wider opportunities to position for EPC delivery.
Elie Lahoud, Chief Operating Officer - Engineering & Construction, commented: "Libya is positioning itself to become a major oil and gas producer again and we're looking forward to helping the National Oil Company achieve its goals, develop key infrastructure safely and securely, and increase production. Petrofac has been delivering complex projects, engineering services and training local workforces in North Africa for over 20 years now. This latest award builds on our strength of engineering and construction capability and track record of effective delivery."
Ends.
For further information contact:
Petrofac Limited
+44 (0) 207 811 4900
Jonathan Yarr, Head of Investor Relations
jonathan.yarr@petrofac.com
Tulchan Communications Group
+44 (0) 207 353 4200
petrofac@tulchangroup.com
Martin Robinson
NOTES TO EDITORS
Petrofac
Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world's leading energy companies.
Petrofac designs, builds, manages and maintains oil, gas, refining, petrochemicals and renewable energy infrastructure. Our purpose is to enable our clients to meet the world's evolving energy needs. Our four values - driven, agile, respectful and open - are at the heart of everything we do.
Petrofac's core markets are in the Middle East and North Africa (MENA) region and the UK North Sea, where we have built a long and successful track record of safe, reliable and innovative execution, underpinned by a cost effective and local delivery model with a strong focus on in-country value. We operate in several other significant markets, including India, South East Asia and the United States. We have 9,400 employees based across 31 offices globally.
Petrofac is quoted on the London Stock Exchange (symbol: PFC).
For additional information, please refer to the Petrofac website at www.petrofac.com
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ISIN: GB00B0H2K534 Category Code: CNT TIDM: PFC LEI Code: 2138004624W8CKCSJ177 Sequence No.: 121375 EQS News ID: 1231026 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
September 03, 2021 02:00 ET (06:00 GMT)
