REG-Petrofac Limited Petrofac Limited: Petrofac continues growth in Africa with Tullow’s Jubilee award

PetrofacAnnouncement

04/07/2022 15:45

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   Petrofac Limited ( PFC)
   Petrofac Limited: Petrofac continues growth in Africa with Tullow’s
   Jubilee award

   04-Jul-2022 / 15:34 GMT/BST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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                                 Press Release

    4 July 2022 

    

                      Petrofac continues growth in Africa
                          with Tullow’s Jubilee award

   Petrofac, a leading provider  of services to  the global energy  industry,
   sees further  growth in  Africa  having been  selected  by Tullow  Oil  to
   provide operations services for  their world-class Jubilee Development  in
   Ghana, West Africa.

   Petrofac’s role on the Jubilee Development  in Ghana – one of the  largest
   oil fields discovered  offshore West  Africa in  20 years  – includes  the
   provision of operations,  maintenance and technical  support services  for
   Tullow  Oil’s  Kwame  Nkrumah   (KNK)  Floating  Production  Storage   and
   Offloading (FPSO) vessel. 

   Nick Shorten,  Chief  Operating  Officer for  Petrofac’s  Asset  Solutions
   business said: “I’m delighted that we are continuing to grow our  presence
   in  Africa  with  valued  long-term  partner  Tullow  Oil.  We  bring  our
   considerable global FPSO experience  to Ghana, also putting  us in a  good
   position to support other similar facilities in the region.

   “Petrofac has been in North  Africa for more than  two decades and now  we
   are building  our  presence  across the  continent,  growing  local  jobs,
   developing local skills and collaborating with local partners.”

   Tullow’s Chief Executive Officer, Rahul  Dhir said, “This new  partnership
   with Petrofac will  leverage Petrofac’s years  of experience in  operating
   onshore and offshore  facilities and will  deliver improved operations  on
   KNK. In particular,  Petrofac’s experience in  workforce training will  be
   key in helping Tullow develop Ghanaian  talent in leadership roles in  the
   management of Ghana’s offshore facilities.”

   This latest contract follows recent awards for the decommissioning of
   seven wells in Mauritania on Tullow Oil’s Banda and Tiof fields, and the
   provision of offshore operations services for bp’s Greater Tortue Ahmeyim
   (GTA) Project, including an FPSO, in Mauritania and Senegal.

   ENDS

   For further information contact:

    

   Sophie Reid, Marketing and Communications

    1 Sophie.Reid@Petrofac.com

   +44 7464 928 392

    

   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.

    

   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 8,200 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
    2 www.petrofac.com

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   ISIN:          GB00B0H2K534
   Category Code: CNT
   TIDM:          PFC
   LEI Code:      2138004624W8CKCSJ177
   Sequence No.:  172527
   EQS News ID:   1389901


    
   End of Announcement EQS News Service

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References

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   1. mailto:Sophie.Reid@petrofac.com
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