Petrofac wins $600m Oman gas project deal
LONDON, 7 days ago
British oilfield services company Petrofac said it has secured an engineering, procurement and construction (EPC) contract worth nearly $600 million from Salalah LPG for a key liquefied petroleum gas (LPG) extraction project at Salalah in the southern part of the country.
Salalah LPG is a wholly-owned subsidiary of Oman Oil Facilities Development Company.
As per the 36-month lumpsum contract, Petrofac will construct the LPG unit and associated facilities, including tie-ins to existing pipeline infrastructure, together with LPG storage and jetty facilities at the Port of Salalah.
On the win, group chief operating officer Marwan Chedid said: "This contract is our eleventh in the sultanate and reinforces our commitment to Oman where we have been present since 1988."
"This project will further support our commitment to increase in-country value. We will continue to maintain strong focus on this aspect of our delivery, particularly by engaging the local supply chain and recruiting local resources," he added.-TradeArabia News Service