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Petrofac Ltd – a London-based energy infrastructure company with core markets in the Middle East and North Africa – has been selected by Adnoc GasProcessing, a subsidiary of ADNOC, for the design, procurement and construction of the Habshan complex west of ADNOC A new natural gas processing plant. Abu Dhabi. The contract is worth approximately $700 million. The new plant will include three natural gas compressor trains and support a significant increase in Mount Hab’s natural gas production. Petrofac has been present in the UAE since 1991.
Elie Lahoud, Chief Operating Officer, Petrofac Engineering & Construction, said: “Petrofac has a long and strong track record of supporting ADNOC in the UAE, rooted in our commitment to maximizing local deliveries, investing in local supply chains This focus on in-country value will once again underpin our approach to servicing ADNOC at the strategically important Hab Hills complex.”
Current share price: 79.15p, up 7.6% in London on Thursday
12-month change: down 29%
By Emma Curzon, League News reporter
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