Thursday, 2 July 2009

Petrofac wins US$350 mln gas compression deal for Oman’s Kauther field

Oil & gas facilities service provider Petrofac Ltd (LSE: PFC) said it won a contract worth more than US$350 million for the Kauther gas-field depletion-compression project from Petroleum Development Oman on behalf of the Sultanate’s government.

Petrofac will undertake the engineering, procurement and construction (EPC) of the gas compression system, and associated facilities at the Kauther gas plant, in addition to undertaking the commissioning and six months of initial operations.

The project follows the successful completion of the Kauther gas plant in 2007, which Petrofac built on an EPC basis for PDO, including commissioning and operations.

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