REG-Petrofac Limited Petrofac Limited: Petrofac secures new EPC contract as it continues to support Lithuanian refinery upgrade

PetrofacAnnouncement

28/04/2023 14:15

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   Petrofac Limited ( PFC)
   Petrofac Limited: Petrofac secures new EPC contract as it continues to
   support Lithuanian refinery upgrade

   28-Apr-2023 / 14:05 GMT/BST

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                                 Press Release

    

   28 April 2023

    

    

    Petrofac secures new EPC contract as it continues to support Lithuanian
                                refinery upgrade

    

    

   Petrofac has secured  an Engineering, Procurement  and Construction  (EPC)
   lump sum  contract  from ORLEN  Lietuva,  as  it continues  to  support  a
   comprehensive  modernisation,   environmental   upgrade,   and   expansion
   Programme at the Mažeikiai Refinery in North-West Lithuania.

    

   The project has a value less  than 200 million euros. Petrofac’s scope  of
   work encompasses the design, procurement, construction, and  commissioning
   of new  facilities,  as  ORLEN  Lietuva invests  to  expand  the  existing
   refinery complex.  Petrofac’s  scope  will  further  enhance  the  plant’s
   capability to  meet  requirements  for  cleaner  fuels  by  improving  its
   operational and carbon efficiency.

    

   In October 2021 Petrofac was awarded a lump sum engineering,  procurement,
   construction, start-up  and  commissioning services  contract  from  ORLEN
   Lietuva. This included the  addition of a  new Residue Hydrocracking  Unit
   (RHCU) for  the facility,  which is  the only  crude oil  refinery in  the
   Baltic States. The new Offsite Battery Limit (OSBL) EPC for RHCU  includes
   the installation of a new Amine regeneration unit and stabilisation tower,
   interconnecting pipework and tie-ins to the existing refinery units,  with
   associated systems and modifications.

    

   “This Project represents  a major  milestone in the  ongoing largest  ever
   investment  by  Polish  capital  in  Lithuania.  The  investment  in   the
   construction of new heavy residue conversion unit puts a solid pillar  for
   further operation  of refinery  in Mažeikiai  as well  as development  and
   energy security of entire region,” said Michal Rudnicki, General  Director
   of Public Company ORLEN Lietuva.

    

   Elie  Lahoud,  Petrofac’s   Chief  Operating  Officer   –  Engineering   &
   Construction, said: “With over 40 years’ EPC experience, Petrofac is  well
   placed to support strategic customers such as ORLEN Lietuva, as they  seek
   to lead a sustainable energy transition in Central Europe. We look forward
   to building on our  existing relationship, with the  safe delivery of  the
   next phase of the refinery upgrade.”

    

   ENDS

    

    

   For further information contact:

    

   Petrofac:

   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) 207 353 4200

    3 petrofac@teneo.com

    

    

    

   NOTES TO EDITORS

    

   About 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
    4 www.petrofac.com

    

    

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:          GB00B0H2K534
   Category Code: CNT
   TIDM:          PFC
   LEI Code:      2138004624W8CKCSJ177
   Sequence No.:  240509
   EQS News ID:   1620871


    
   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
   3. mailto:petrofac@teneo.com
   4. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=de0a3c59fad6f1848cd4fbe844343e3a&application_id=1620871&site_id=reuters9&application_name=news


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