Petrofac-Daelim JV wins $2.1 billion Oman contract

DL Holdings

25/11/2013 09:24

(Adds details, shares) LONDON, Nov 25 (Reuters) - Petrofac  PFC.L  said a joint venture with South Korea's Daelim Industrial Co  000210.KS  had won a $2.1 billion contract for a refinery project from Oman Oil Refineries and Petroleum Industries Company (ORPIC). The three-year contract includes engineering, procurement, construction, start-up and commissioning services at a refinery in the Sohar Industrial Area, 230 kilometres northwest of Muscat, Petrofac said on Monday. The deal includes improvements at the existing facility and the addition of new refining units, it said. Shares in Petrofac, which fell more than 15 percent last week after it gave a cautious two-year outlook, were up 2.3 percent at 1,218 pence at 0901 GMT, outperforming a 0.5 percent rise in the FTSE 100 index  .FTSE .  ID:nL5N0J3195  (Reporting by Paul Sandle; editing by Jane Baird) ((paul.sandle@thomsonreuters.com)(+44 20 7542 6843)(Reuters Messaging: paul.sandle.thomsonreuters.com@reuters.net)) Keywords: PETROFAC/BRIEF