LONDON (ShareCast) - Oilfield support services firm Petrofac (LSE: PFC.L - news) has landed a gas compression project worth in excess
of $350m.
Petroleum Development Oman (PDO) has awarded Petrofac a contract for the Kauther gas-field depletion-compression project.
Petrofac will perform the procurement, engineering and construction of the gas compression system, as well as associated facilities at the Kauther gas plant. Petrofac will also undertake the commissioning of the plant and manage the first six months of operations.
“This award serves to further reinforce Petrofac's commitment to the Omani market, gives us continuity of business in the Sultanate and again highlights Petrofac's continued competitiveness in the Middle East,” claimed Maroun Semaan, group chief operating officer of Petrofac.
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