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Petrofac wins $700 million contract in United Arab Emirates

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Posted: Jun 30, 2023 2:32AM EST

Author: Anthony Goryanov

Petrofac said on Friday it had been awarded a $700 million contract by Abu Dhabi National Oil Company (ADNOC) to undertake engineering, procurement and construction projects in the United Arab Emirates.

The London-listed energy industry services provider said the contract was awarded by…

Author: Anthony Goryanov

Petrofac said on Friday it had been awarded a $700 million contract by Abu Dhabi National Oil Company (ADNOC) to undertake engineering, procurement and construction projects in the United Arab Emirates.

The London-listed energy industry services provider said the contract, awarded by the oil company’s subsidiary ADNOC Gas Processing Company, involves the construction of a new gas compressor plant and requires three gas compressor trains and associated utilities and electricity. system.

The project, awarded to its subsidiary Petrofac Emirates, will increase gas production from ADNOC’s Mount Habu complex.

“Petrofac has a long and strong track record of supporting ADNOC in the UAE, rooted in our strong commitment to maximizing local delivery, investing in local supply chains and developing local teams. This focus on domestic value will again underpin us approach to deliver the strategically important Mount Hab complex for ADNOC,” the company said.

Write to Anthony O. Goriainoff: anthony.orunagoriainoff@dowjones.com

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