Petrofac wins AED2.13bn engineering contract in GCC

LONDON / WAM

UAE-based Petrofac, a leading service provider to the oil and gas production and processing industry, on Monday announced that it has signed a binding letter of intent, for a contract worth around $580 million (AED2.13 billion) with a GCC National Oil Company for the engineering, procurement and construction (EPC) of a major project.
Specific details in relation to the project remain confidential at this time and additional information will be announced in due course, a company statement said.
E S Sathyanarayanan, the company’s Group MD, Engineering and Construction, said, “Petrofac has a very strong record of project execution in the GCC. This latest contract award further cements our footprint in our core markets, and we look forward to delivering a safe and successful project.”