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10-YEAR FRAMEWORK AGREEMENT

Petrofac secures major Oman PDO work contracts

MUSCAT, January 2, 2020

Petrofac, a leading global provider of oilfield services based in UK, said it has secured a new contract from Petroleum Development Oman (PDO) and an additional scope of work with a combined value of $130 million.

The new contract award, under a 10-year framework agreement signed in 2017 with PDO, is an engineering, procurement and construction management (EPCM) services contract for the Mabrouk North East Development Project in Oman.

The full field development of Mabrouk North East field is planned to be executed in a phased approach. The 34-month project scope awarded involves the development of 16 gas producing wells and export of the production to the Saih Rawl Central Processing Plant.

The project will be integrated with the Mabrouk North East Line Pipe Procurement Project, which was awarded to Petrofac in June 2019, said the report.

The other scope of work awarded is to provide further services for PDO’s Yibal Khuff Project. This 20-month contract includes detailed engineering, procurement, and support for construction and commissioning of nine additional wells to improve overall plant production, and laying of gas pipeline from Yibal “A” to the main processing facility.

The Yibal Khuff Project, originally awarded to Petrofac in June 2015, is already in an advanced phase of construction and pre-commissioning, and the delivery of additional wells is to be synchronised for overall readiness.

Elie Lahoud, Group Managing Director, Engineering & Construction said: "This latest project award under the long-term framework agreement with PDO for Mabrouk North East, and additional scope of work for the Yibal Khuff Project, both further underpin our significant track record and commitment to delivering value in Oman."

"Our focus will remain on safe operations and maximising in-country value through the continued development of local workforce competence and strong supply chain partnerships," stated Lahoud.-TradeArabia News Service




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