REG-Petrofac Limited Petrofac Limited: ADNOC AWARDS PETROFAC US$700 MILLION EPC PROJECT

PetrofacAnnouncement

30/06/2023 07:00

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   Petrofac Limited ( PFC)
   Petrofac Limited: ADNOC AWARDS PETROFAC US$700 MILLION EPC PROJECT

   30-Jun-2023 / 07:00 GMT/BST

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     30 June 2023  

                             ADNOC AWARDS PETROFAC
                           US$700 MILLION EPC PROJECT

    

   Petrofac, a leading international service provider to the energy industry,
   has  been  selected  by  the  Abu  Dhabi  National  Oil  Company   (ADNOC)
   subsidiary,  ADNOC  Gas  Processing,   to  undertake  a  significant   new
   Engineering, Procurement and Construction project at its Habshan Complex.

    

   The contract, awarded  to Petrofac  Emirates, is  valued at  approximately
   US$700 million and involves the Engineering, Procurement and  Construction
   of a new  gas compressor  plant. Comprising three  gas compressor  trains,
   associated utilities and power systems,  the new plant will support  ADNOC
   to substantially increase gas output from the Habshan Complex, West of Abu
   Dhabi.

    

   Tareq Kawash, Petrofac's Group Chief Executive, said: “We are thrilled  to
   have been selected by ADNOC, one of Petrofac’s longest-standing customers,
   to undertake this significant  new EPC project in  our home market of  the
   UAE. We very much  look forward to working  together with ADNOC to  safely
   and sustainably develop this critical energy resource.”

    

   Elie Lahoud, Chief Operating Officer, Petrofac Engineering &  Construction
   commented: “Petrofac has a long  and strong track record supporting  ADNOC
   in the  UAE,  rooted  in  our steadfast  commitment  to  maximising  local
   delivery, investing in the local supply chain, and developing local teams.
   This focus on In-Country  Value will once again  underpin our approach  to
   delivery for ADNOC on the strategically significant Habshan Complex.”

    

   Petrofac first established a presence in the UAE in 1991 and has developed
   a large workforce  to support  both regional  and international  projects.
   With a  commitment to  deliver In-Country  Value, Emiratisation  is a  key
   business priority  and  Petrofac  is  actively  promoting  current  career
   opportunities.

    

    

   ENDS

    

    

      

   For further information contact:

   Petrofac Limited

   +44 (0) 20 7811 4900

    

   James Boothroyd, Head of Investor Relations

    1 James.boothroyd@petrofac.com

    

   Sophie Reid, Group Head of Communications

    2 Sophie.reid@petrofac.com

    

   Teneo (for Petrofac)

   +44 (0) 20 7353 4200

   petrofac@teneo.com

   Martin Robinson

    

    

   NOTES TO EDITORS

    

   Petrofac

    

   Petrofac is  a  leading  international  service  provider  to  the  energy
   industry, with a diverse  client portfolio including  many of the  world's
   leading energy companies.

    

   Petrofac designs,  builds,  manages  and  maintains  oil,  gas,  refining,
   petrochemicals and  renewable energy  infrastructure.  Our purpose  is  to
   enable our clients  to meet the  world's evolving energy  needs. Our  four
   values -  driven,  agile,  respectful and  open  -  are at  the  heart  of
   everything we do.

    

   Petrofac's core markets  are in the  Middle East and  North Africa  (MENA)
   region and the UK  North Sea, where  we have built  a long and  successful
   track record of safe, reliable and innovative execution, underpinned by  a
   cost effective and local delivery model with a strong focus on  in-country
   value. We operate in several  other significant markets, including  India,
   South East  Asia and  the United  States. We  have 7,950  employees  based
   across 31 offices globally.

    

   Petrofac is quoted on the London Stock Exchange (symbol: PFC).

    

   For additional information, please refer to the Petrofac website at
   www.petrofac.com

    

    

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   Dissemination of a Regulatory Announcement that contains inside
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   ISIN:           GB00B0H2K534
   Category Code:  MSCH
   TIDM:           PFC
   LEI Code:       2138004624W8CKCSJ177
   OAM Categories: 2.2. Inside information
   Sequence No.:   254492
   EQS News ID:    1669465


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:James.boothroyd@petrofac.com
   2. mailto:Sophie.reid@petrofac.com


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