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Petrofac Emirates Awarded First Contract

Source: www.gulfoilandgas.com 7/16/2009, Location: Middle East

Petrofac, the international oil & gas services provider can confirm that its 50% owned Joint Venture, Petrofac Emirates, in partnership with GS E&C, has received a letter of award from GASCO for a contract worth approximately US$2.1 billion with a value to Petrofac Emirates of around US$1 billion.

The 48-month lump-sum contract, which is due to commence in August 2009, is for the construction of the 4th NGL train at the Ruwais complex in Abu Dhabi.

This is the first project to be awarded to Petrofac Emirates, the Joint Venture between Petrofac and Mubadala Petroleum Services LLC, which was established in November 2008.

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