Petrofac Limited said it has signed a US$580 million engineering, procurement and construction (EPC) contract with a GCC National Oil Company for the of a major project.
The company said specific details in relation to the project are confidential at this time and additional information will be announced in due course.
E S Sathyanarayanan, group managing director for engineering and construction said: “Petrofac has a very strong record of project execution in the GCC. This latest contract award further cements our footprint in our core markets, and we look forward to delivering a safe and successful project.”
Last week, Petrofac said it was awarded a $135 million EPC contract by Bharat Petroleum Corporation for its Kochi Refinery in Kerela, India.
It said scope of work encompasses engineering, procurement, construction, pre-commissioning and assistance with commissioning. The 27-month contract is for the addition of a new Motor Sprit (MS) block of refining units, which will increase the current output of the facility to meet India’s BS-VI automotive fuel quality, Petrofac said.